Obligation Repsol 2.25% ( XS1148073205 ) en EUR

Repsol

95.56 % ▼

Espagne

XS1148073205 ( en EUR )

2.25% par an ( paiement annuel )

10/12/2026

Prospectus brochure de l'obligation Repsol XS1148073205 en EUR 2.25%, échéance 10/12/2026

100 000 EUR

500 000 000 EUR

10/12/2024 ( Dans 209 jours )

L'Obligation émise par Repsol ( Espagne ) , en EUR, avec le code ISIN XS1148073205, paye un coupon de 2.25% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 10/12/2026

CONFORMED COPY

Final Terms dated 9 December 2014
REPSOL INTERNATIONAL FINANCE B.V.
Issue of 500,000,000 2.250 per cent. Guaranteed Notes due 10 December 2026
Guaranteed by Repsol, S.A. under the Euro 10,000,000,000 Euro Medium Term Note Programme
PART A - CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the
base prospectus dated 30 May 2014 and the Supplements dated 4 August 2014 and 12 November 2014 to the
Base Prospectus dated 30 May 2014 which together constitute a base prospectus (the Base Prospectus) for
the purposes of Directive 2003/71/EC, as amended (the Prospectus Directive). This document constitutes the
Final Terms of the Notes described herein for the purposes of Article 5.4 of the Prospectus Directive and must
be read in conjunction with such Base Prospectus. Full information on the Issuer, the Guarantor and the offer
of the Notes is only available on the basis of the combination of these Final Terms and the Base Prospectus.
The Base Prospectus has been published on http://www.repsol.com/es_en/corporacion/accionistas-
inversores/informacion-financiera/financiacion/repsol-international-finance/programa-emision- continua.aspx
and is available for viewing on the website of the Luxembourg Stock Exchange at www.bourse.lu.

1 (a) Series Number:
14

(b) Tranche Number:
1

(c) Date on which Notes become
Not Applicable
fungible:
2 Specified Currency or Currencies:
Euro ()
3 Aggregate Nominal Amount:

(a) Series:
500,000,000

(b) Tranche:
500,000,000
4 Issue Price:
99.709 per cent. of the Aggregate Nominal Amount
5 (a) Specified Denomination:
100,000

(b) Calculation Amount
100,000
6 (c) Issue Date:
10 December 2014

(d) Interest Commencement Date
Issue Date
7 Maturity Date:
10 December 2026
8 Interest Basis:
2.250 per cent. Fixed Rate
9 Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the Maturity
Date at 100 per cent. of their nominal amount
10 Change of Interest or

Redemption/Payment Basis:
Not Applicable
11 Put/Call Options:
Change of Control Put Option

(See paragraph 18 below)
A19077365

12 Date approval for issuance of Notes
30 April 2014 and 26 November 2014, respectively
obtained:
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
13 Fixed Rate Note Provisions
Applicable

(a) Rate of Interest:
2.250 per cent. per annum payable annually in arrear on
each Interest Payment Date

(b) Interest Payment Date(s):
10 December in each year, commencing on 10
December 2015

(c) Fixed Coupon Amount:
2,250 per Calculation Amount

(d) Broken Amount(s):
Not Applicable

(e) Day Count Fraction:
Actual/Actual (ICMA)

(f) Determination Dates:
10 December in each year
14 Floating Rate Note Provisions
Not Applicable
15 Zero Coupon Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
16 Call Option
Not Applicable
17 Put Option
Not Applicable
18 Change of Control Put Option
Applicable

(a) Optional Redemption Date(s):
5 business days after expiration of Put Period
19 Final Redemption Amount of each Note
100,000 per Calculation Amount
20 Early Redemption Amount

Early Redemption Amount(s) payable on
As set out in the Conditions
redemption for taxation reasons or on
event of default or other early
redemption:
GENERAL PROVISIONS APPLICABLE TO THE NOTES
21 Form of Notes:
Bearer Notes
Temporary Global Note exchangeable for a Permanent
Global Note which is exchangeable for Definitive
Notes in the limited circumstances specified in the
Permanent Global Note
22 New Global Note:
Yes
23 Financial Centre(s):
TARGET2
24 Talons for future Coupons or Receipts to
No
be attached to Definitive Notes (and dates
on which such Talons mature):
25 Details relating to Instalment Notes:
Not Applicable

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THIRD PARTY INFORMATION
Not Applicable.
Signed on behalf of Repsol International Finance B.V.:
By:
JAVIER NOGALES ARANGUEZ

Duly authorised

By:
JAVIER SANZ CEDRÓN

Duly authorised

Signed on behalf of Repsol, S.A.:
By:
GUILLERMO LLOPIS GARCIA

Duly authorised

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PART B OTHER INFORMATION
1 LISTING AND ADMISSION TO TRADING

(a) Admission to trading:
Application is expected to be made by the Issuer (or on
its behalf) for the Notes to be admitted to trading on the
regulated market of the Luxembourg Stock Exchange
with effect from 10 December 2014 or as soon as
possible thereafter.

(b) Estimate of total expenses related to
6,820
admission to trading:
2 RATINGS

Ratings:
The Notes to be issued are expected to be rated:
S & P: BBB-
Moody's: Baa2
Fitch: BBB
3 INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Joint Lead Managers, so far as the Issuer is aware, no person
involved in the issue/offer of the Notes has an interest material to the offer. The Joint Lead Managers
and their affiliates have engaged, and may in the future engage, in investment banking and/or
commercial banking transactions with, and may perform other services for, the Issuer, the Guarantor
and any of their affiliates in the ordinary course of business for which they may receive fees.
4 YIELD

Indication of yield:
2.278 per cent. per annum

The yield is calculated at the Issue Date on the basis of
the Issue Price. It is not an indication of future yield.
5 OPERATIONAL INFORMATION

(a) ISIN:
XS1148073205

(b) Common Code:
114807320

(c) Any clearing system(s) other than
Not Applicable
Euroclear
and
Clearstream,
Luxembourg, the relevant addresses
and the identification number(s):

(d) Delivery:
Delivery against payment

(e) Names and addresses of additional
Not Applicable
Paying Agent(s) (if any):
6 DISTRIBUTION

(a) Method of distribution:
Syndicated

(b) If syndicated:

(A) Names of Managers:
Banco Bilbao Vizcaya Argentaria, S.A.
CaixaBank S.A.
Citigroup Global Markets Limited
NATIXIS
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UBS Limited

(B) Stabilisation Manager(s) (if any)
Banco Bilbao Vizcaya Argentaria, S.A.

(c) If non-syndicated, name of Dealer:
Not Applicable

(d) US Selling Restrictions:
Reg. S Compliance Category 2 / TEFRA D

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