BP’s hybrid bonanza opens pipeline for other oil majors

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BP’s hybrid bonanza opens pipeline for other oil majors

oil pipeline 2_adobe_12May_575
Yellow gas pipe line valves. Oil and gas extraction, production and transportation industrial background. 3d illustration | Maksym Yemelyanov - stock.adobe.com

BP’s creation of a hybrid curve in euro and sterling on Wednesday garnered more than €20bn-equivalent of demand at guidance, which a banker off the deal said will “absolutely” catch the attention of other major oil companies without hybrid debt.

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