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BP issues notes, celebrates best upstream result since ’10
BP PLC issued $2 billion aggregate principal amount in notes through its recently formed US-based financial arm, BP Capital Markets America. The company sold $1 billion in 3.41% guaranteed notes due 2026 and $1 billion in 4.234% guaranteed notes due 2028 that were a further issuances to notes that were initially issued last November. The 2026s were sold at 100 while the 2028 add-ons were sold at 104.965. BNP Paribas, Deutsche Bank, HSBC, Lloyds, Merrill Lynch and Morgan Stanley underwrote the offerings. The A- rated BP now has total......
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