BP £400 million convertible bond issue

31/5/2016

Convertible and hybrid securities, Investment grade bond/note issue

Value:

£ 400 million

Dollar value:

$ 579 million

Status:

Completed

Date:

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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