Cepsa raises EUR 750m in its largest ever bond issue

Spanish petroleum company Cepsa said on Friday that it has raised EUR 750 million (USD 813m) in a new bond issue to support the investment plan behind its Positive Motion strategy.

The new funds will back the company’s ambition to become a European leader in the production of second-generation biofuels and green hydrogen, and the deployment of a network of ultra-fast electric chargers, according to a press statement.

The largely oversubscribed transaction marks Cepsa’s return to the capital markets after four years.

The bond bears an annual coupon of 4.125% and matures in April 2031. The issue will be admitted to official listing and trading on the regulated market of the Irish stock exchange.

(EUR 1 = USD 1.084)

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