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Prospect News home > News index > List of issuers B > Headlines for BP Capital Markets plc > News item
Published on 5/13/2022 in the Prospect News Convertibles Daily.

BP Capital adjusts conversion price of 1% convertibles due 2023

By Rebecca Melvin

Concord, N.H., May 13 – BP Capital Markets plc increased the conversion price of its £400 million 1% guaranteed non-dilutive bonds due 2023 (ISIN: XS1410519976), guaranteed by BP plc, to £4.5342 from £4.5035, according to a press release.

As a result, the conversion ratio was also lowered to 22,054.6072 from 22,204.9517.

The adjustments, effective as of May 12, 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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