By Mary-Katherine Stinson and Cristal Cody
Lexington, Ky., Feb. 10 – BP Capital Markets America Inc. sold $2.25 billion of 4.812% 10-year guaranteed notes on Thursday, according to an FWP filed with the Securities and Exchange Commission.
The notes priced at par, at Treasuries plus 112 basis points. Price talk was in the Treasuries plus 135 bps area.
The notes are callable at a make-whole premium of Treasuries plus 20 bps prior to Nov. 13, 2032. For the last three months they are callable at par.
BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC are the bookrunners.
The notes are guaranteed by BP plc.
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.
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| Guarantor: | BP plc
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| Amount: | $2.25 billion
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| Issue: | Guaranteed notes
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| Maturity: | Feb. 13, 2033
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| Bookrunners: | BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc. and Wells Fargo Securities, LLC
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| Coupon: | 4.812%
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| Price: | Par
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| Yield: | 4.812%
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| Spread: | Treasuries plus 112 bps
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| Call features: | At a make-whole premium of Treasuries plus 20 bps prior to Nov. 13, 2032; after at par
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 13
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| Price talk: | Treasuries plus 135 bps area
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| Cusip: | 10373QBU3
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