Bloomberg News

BP Said to Sell Bonds in Euros Due in 2016 and 2019

February 13, 2012

Feb. 13 (Bloomberg) -- BP Plc’s is selling bonds in euros due in 2016 and 2019, according to a banker involved in the transaction.

The 2016 bonds may be priced to yield about 85 basis points more than the benchmark mid-swap rate, the banker said. The company’s 2019 notes may have a spread of about 110 basis points over swaps. BNP Paribas SA, Deutsche Bank AG, Lloyds Banking Group Plc, Banco Santander SA and Societe Generale SA are managing the deal.

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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