Mandates stretch IG corporate window into December
BP, the UK oil major, and car rental company Sixt have hired banks for new bonds as the end of year issuance window looks set to stretch into next month.
BP is printing debt for the first time through its Dutch subsidiary BP Capital Markets, rated A1/A-.
“It’s been structured so it is eligible for the ECB's Corporate Sector Purchase Programme”, said a lead on the transaction.
The borrower is looking to print a 20 year euro benchmark.Total and Shell ...