E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers B > Headlines for BP Capital Markets plc > News item
Published on 2/17/2023 in the Prospect News Convertibles Daily.

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

By Mary-Katherine Stinson

Lexington, Ky., Feb. 17 – 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 £4.5978 from £4.5820, according to a notice.

As a result, the conversion ratio was also lowered to 21,749.5324 from 21,824.5308.

The adjustments, effective as of Feb. 16, are due to a cash dividend of $0.0661 per ordinary share.

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


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.