Mizuho nabs $300m for BP with FRN

BP rig for new website
By Jon Hay
29 May 2014

BP, the UK oil company, issued a $300m Eurodollar medium term note via Mizuho on Tuesday, in a follow-up to its $550m public Eurodollar issue on May 13.

The new MTN was a five year floating rate note, announced as having been priced at par with a coupon of 50bp over three month Libor.

BP and Mizuho did not return calls seeking comment, so it was not clear how the deal had been distributed.

But bankers ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial