Bloomberg News

BP Said to Sell Total of 2.5 Billion Euros of 2016, 2019 Bonds

February 13, 2012

Feb. 13 (Bloomberg) -- BP Plc is selling 2.5 billion euros of bonds due in 2016 and 2019, according to a banker involved in the transaction.

The company is issuing 1.25 billion euros of shorter-dated debt that will be priced to yield 78 basis points more than the benchmark mid-swap rate, the banker said. BP is also offering the same amount of 2019 bonds at a spread of 103 basis points over swaps.

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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