By Cristal Cody
Tupelo, Miss., Aug. 5 – BP Capital Markets America Inc. (A1/A-) priced $2.5 billion of senior notes in two tranches on Wednesday, according to an informed source.
A $1 billion offering of 1.749% 10-year notes priced with a 120 basis points over Treasuries spread.
The notes were talked to print in the Treasuries plus 150 bps area.
BP Capital sold $1.5 billion of 2.772% notes due Nov. 10, 2050 at a Treasuries plus 155 bps spread.
Price talk was at the Treasuries plus 170 bps to 175 bps area.
Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities, LLC, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC and SMBC Nikko Securities America, Inc. were the bookrunners.
BP Capital Markets America is a Chicago-based aviation and marine fuels provider and subsidiary of London-based oil and gas company BP plc.
| Issuer: | BP Capital Markets America Inc.
|
| Amount: | $2.5 billion
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup Global Markets Inc., HSBC Securities (USA) Inc., J.P. Morgan Securities, LLC, Mizuho Securities USA Inc., Morgan Stanley & Co. LLC and SMBC Nikko Securities America, Inc.
|
| Trade date: | Aug. 5
|
| Ratings: | Moody’s: A1
|
| S&P: A-
|
|
|
| 10-year notes
|
| Amount: | $1 billion
|
| Maturity: | Aug. 10, 2030
|
| Coupon: | 1.749%
|
| Spread: | Treasuries plus 120 bps
|
| Price talk: | Treasuries plus 150 bps area
|
|
|
| 30-year notes
|
| Amount: | $1.5 billion
|
| Maturity: | Nov. 10, 2050
|
| Coupon: | 2.772%
|
| Spread: | Treasuries plus 155 bps
|
| Price talk: | Treasuries plus 170 bps-175 bps area
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
