BP £400 million convertible bond issue

31/5/2016
Convertible and hybrid securities, Investment grade bond/note issue

£ 400 million

$ 579 million

Completed

31/5/2016


Overview:

  • BP Capital Markets has issued £400 million in cash settled, non-dilutive convertible bonds.
  • The bonds are guaranteed by BP, with the proceeds used for general corporate purposes and to purchase the cash settled call options.
  • Barclays, Credit Suisse, Goldman Sachs and Société Générale acted as lead managers.

Sam Duke - Editor

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