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

Jurisdiction:

United Kingdom

Deal types:

Convertible and hybrid securities
Investment grade bond/note issue

Practice area:

Capital markets : Debt

Industry sector:

Oil and gas


Firm:

Party: BP (Issuer, Guarantor)