MADRID, Dec 9 (Reuters) - Spanish oil major Repsol REP.MC
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.