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Prospect News home > News index > List of issuers B > Headlines for BP Capital Markets plc > News item
Published on 11/12/2021 in the Prospect News Convertibles Daily.

BP Capital Markets ups conversion price of 1% convertibles due 2023

By Rebecca Melvin

Concord, N.H., Nov. 12 – BP Capital Markets plc increased the conversion price of its £400 million 1% guaranteed non-dilutive bonds due 2023 guaranteed by BP plc to £4.4673 from £4.4273, according to a press release.

As a result, the conversion ratio was also lowered to 22,384.8857 from 22,587.1299.

The adjustments, effective as of Nov. 11, are due to a cash dividend of $0.0546 per ordinary share.

BP Capital Markets is a financing arm of the London-based oil and gas company.


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