Repsol YPF

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Frequently Asked Questions
Financial Information
- What is Repsol YPFs credit rating?


The credit ratings given to Repsol YPF by the different agencies are:

  • Standard&Poors rates the company as stable and assigns these ratings: 
    - Short term: A2
    - Long term:  BBB+
  • Fitch rates the company as Stable and assigns these ratings:
    - Short term: F2
    - Long term:  BBB+
  • Moodys rates the company with a Stable and assigns the following rating:
    - Short term: P2
    - Long term:  Baa1  
- Which bonds has Repsol YPF issued in the last few years?


Repsol YPFs bond issues are as follow:


BONDS ISSUED BY REPSOL INTERNATIONAL FINANCE BV
BondIssue dateMaturityNominal amountMarket where it trades
REP 6.00%05/may/200005/may/2010Eur 
1,000,000,000.00
The Luxembourg 
Stock Exchange
REP 6.00% (*)21/jun/200105/may/2010Eur 
175,000,000.00
The Luxembourg 
Stock Exchange
REP FRN16/feb/200716/feb/2012Eur 
750,000,000.00
The Luxembourg 
Stock Exchange
REP 5.00%22/jul/200322/jul/2013Eur 
1,000,000,000.00
The Luxembourg 
Stock Exchange
REP 4.625%08/oct/200408/oct/2014Eur 
1,000,000,000.00
The Luxembourg 
Stock Exchange
REP 4.75% 16/feb/200716/feb/2017

Eur 
500,000,000.00

The Luxembourg 
Stock Exchange
(*) The Rep 6,00% bond issue was increased by an additional Eur 175mn and is fungible with the existing Eur 1 billion issue.

- What have been Repsol YPFs preference share issues in the last few years?


The Repsol YPF preference share issues are as follows:

REPSOL INTERNATIONAL CAPITAL LTD PREFERRED SHARES
BondIssue dateMaturityCallIssued nominal amountMarket where it trades
PREF. 7.45% Serie A (1)21/Oct/1997Perpetual21/10/2002USD$ 
725,000,000.00
The NYSE
PREF. FRN Serie B (2)11/May/2001Perpetual11/05/2011Eur 
1,000,000,000.00
AIAF
PREF.FRN Serie C (2)21/Dec/2001Perpetual21/12/2011Eur 
2,000,000,000.00
AIAF
(1) Subject to what is detailed in the Prospectus Supplement, the issuer is entitled to cancel the issue, fully or partially, as of the 5th year after the issue date.
(2) Subject to what is detailed in the Prospectus, the issuer is entitled to cancel the issue, either fully or partially at any time as of the 5th year after the issue date.

- What are Repsol YPFs financial objectives?


Repsol YPFs current objective is to maintain the ((Net debt + Preferred shares) / Capital Employed) ratio below the level of 2007. 27%.

Last updated: 12 Mar 2008


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