Repsol buys back Talisman bonds in profit-boosting deal
MADRID Dec 9 (Reuters) - Spanish oil major Repsol said on Wednesday it had bought back $1.5 billion worth of Talisman bonds in an operation which will boost its pre-tax profit by more than $220 million in 2015 and reduce financing costs by around $65 million a year.
The debt restructuring will significantly increase cost savings under Repsol's strategic plan, the company said. Repsol's $8.3 billion acquisition of Canadian oil producer Talisman Energy closed in May this year. (Reporting By Sonya Dowsett; Editing by Adrian Croft)
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