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BP forgiven by US investors in remarkable bond return.

Authors :
Rothnie, David
Source :
Euroweek; 10/1/2010, Issue 1174, p1-15, 2p, 1 Graph
Publication Year :
2010

Abstract

The article reports on BP Capital Markets' issuance of five- and 10-year bonds. BP, rated by Moody's and Fitch at A2/A, issued bonds worth 3.5 billion U.S. dollars with a guidance at 200 basis points over the government bond for the five-year bonds and 215 basis points for the 10-year bonds. Despite issues surrounding the Deep Water Horizon oil spill, 90% of the bonds were sold to U.S. investors.

Details

Language :
English
ISSN :
09527036
Issue :
1174
Database :
Complementary Index
Journal :
Euroweek
Publication Type :
Periodical
Accession number :
54959551