BP Capital Markets.

The article presents a commentary on the U.S. dollar bond issued by BP Capital Markets on June 8, 2009. Morgan Stanley and UBS served as bookrunners for the deal. They said it was a traditional Eurodollar deal, targeting Swiss retail investors. Based on investor feedback, the guidance was tightened to 70 basis points (bp)-75 bp over mid-swaps and the book grew to over $400 million. It was increased to $325 million at 70bp over and most went to Swiss retail accounts.