Spain's Repsol sells package of Argentine bonds for $2.8 bln

MADRID Fri May 9, 2014 2:04pm EDT

MADRID May 9 (Reuters) - Spanish oil major Repsol has sold a package of Argentine BONAR24 bonds to JP Morgan for $2.8 billion, the company said in a statement on Friday.

The bonds were part of a $5 billion settlement with Argentina after the South American country expropriated Repsol's 51 percent stake in energy firm YPF in 2012.

The Repsol statement confirmed information Reuters obtained earlier from two sources. (Reporting by Andres Gonzalez, Jose Elias Rodriguez and Tracy Rucinski; Editing by Fiona Ortiz)