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 ...

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