LEAD arrangers Citibank, Goldman Sachs, Merrill Lynch, Warburg Dillon Read, Banco Bilbao Vizcaya and La Caixa are looking forward to a generous response to the $16bn jumbo for Spanish oil and gas sector leader, Repsol. Repsol is seeking the funds to support its $13.4bn bid for Argentine YPF. The deal is being presented to arrangers, and there have been four bank meetings in Madrid and London. One London banker called the reaction "overwhelming". Replies are due by May 26. The lead arrangers have fully underwritten the deal, with the two Spanish banks underwriting slightly less.
May 14, 1999