Bloomberg News

BP Said to Revise Guidance on Sale of 2016, 2019 Bonds

February 13, 2012

Feb. 13 (Bloomberg) -- BP Plc’s sale sale of four-year bonds in euros may be priced to yield about 80 basis points more than the benchmark mid-swap rate, according to a banker involved in the transaction. The company’s seven-year notes may have a spread of about 105 basis points.

The spread guidance on the four-year bonds has been lowered from about 85 basis points and the guidance on the 2019 bonds has been revised from about 110 basis points.

To contact the reporter on this story: Esteban Duarte in Madrid at eduarterubia@bloomberg.net

To contact the editor responsible for this story: Ben Martin at bmartin38@bloomberg.net


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