BP returns to respectability with euro deal

06 Oct 2010

BP, fresh from issuing a $3.5bn bond in the US, hit the European market on Monday with a Eu2bn four and seven year deal. The borrower — having finally plugged the leaking Macondo oil well last month — garnered Eu9bn of orders and managed to price the respective tranches at 135bp and 160bp over swaps, both 15bp inside initial whispers. To find out more, read EuroWeek on Friday.

Paul Wallace, +44 20 7779 7321

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