Spanish firm Cepsa issues bonds for $814 million

In Spain, Cepsa said it has successfully completed a new bond issue for $ 814 million. The firm said the new issue is the largest bond offering in Cepsa’s history and marks its return to the capital markets after four years. Carmen de Pablo, Cepsa’s CFO and Director of Strategy and Sustainability, said: “The success of this bond issue reflects the support from the investment community for Cepsa’s transformation strategy and their confidence in our business prospects for the coming years. This transaction diversifies our sources of financing and strengthens our liquidity position, allowing us to comfortably meet our debt commitments and investment plans.” Cepsa is a producer of conventional fuels as well as second generation fuels such as sustainable aviation fuel.

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