The possibility of a Eu10bn loan launching for popular Spanish borrower Repsol YPF attracted widespread attention from the market this week. Goldman Sachs, Citibank/SSSB and La Caixa are arranging a Eu10bn loan for the company to fund the possible takeover of Iberdrola. The bid would be via Gas Natural, which is 45% owned by Repsol. However, earlier this week, Gas Natural's initial bid was rejected when Iberdrola and Endesa, Spain's largest electricity company, announced that the companies had agreed terms on a friendly merger
October 20, 2000