By Cristal Cody
Chicago, Jan. 11 – BP Capital Markets America Inc. sold $2 billion of 2.721% 10-year guaranteed notes at par on Monday, according to an FWP filed with the Securities and Exchange Commission.
The notes are guaranteed by BP plc.
The notes priced with a 95 basis points spread over Treasuries, lower than talk a source provided in the 110 bps area.
Any redemption before Oct. 12, 2031 will be at a make-whole amount of Treasuries plus 15 bps. After that time any optional redemption will be at par.
BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole CIB and Goldman Sachs & Co. LLC are the bookrunners.
BP Capital Markets America is a Chicago-based aviation and marine fuels provider and subsidiary of London-based oil and gas company BP plc.
| Issuer: | BP Capital Markets America Inc.
|
| Guarantor: | BP plc
|
| Amount: | $2 billion
|
| Issue: | Guaranteed notes
|
| Maturity: | Jan. 12, 2032
|
| Bookrunners: | BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole CIB and Goldman Sachs & Co. LLC
|
| Coupon: | 2.721%
|
| Price: | Par
|
| Yield: | 2.721%
|
| Spread: | Treasuries plus 95 bps
|
| Call features: | Make-whole call at Treasuries plus 15 bps until Oct. 12, 2031; thereafter at par
|
| Trade date: | Jan. 10
|
| Settlement date: | Jan. 12
|
| Distribution: | SEC registered
|
| Price talk: | Treasuries plus 110 bps area
|
| Cusip: | 10373QBT6
|
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