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Corporate BondsHigh grade and crossover bonds

BP heads to hybrids as cheap oil prices forecast to last decades

Pipeline_AdobeStock_575x375_09March20

BP, the UK oil major, has announced its debut hybrid trade with a multi-tranche triple currency deal mandate. The borrower was looking to steady its credit ratings a day after warning that it was going to write-off up to $17.5bn of assets.

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