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Repsol amortizes part of Talismans debt and reduces its financing costs by 65 million dollars a year

Press Release 09/12/2015 00:00
  • It will amortize Talisman bonds in the amount of 1.5 billion dollars in an operation that will provide the Group with a net present value of more than 1 billion dollars. 
  • This will have a positive effect of over 220 million dollars on Repsol’s 2015 earnings and will reduce financing costs by 65 million dollars a year. 
  • The repurchase of Talisman bonds significantly increases the synergies set out in Repsol’s Strategic Plan and reflects its ability to generate new savings after the integration of the Canadian company.
  • This transaction, in which Repsol used part of its liquidity, was completed today with a new issue of bonds for a value of 600 million euros. 
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