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Prospect News home > News index > List of issuers B > Headlines for BP plc > News item
Published on 11/6/2020 in the Prospect News Convertibles Daily.

BP Capital Markets adjusts conversion price of convertibles due 2023

By Cady Vishniac

Detroit, Nov. 6 – The conversion price for BP Capital Markets plc and guarantor BP plc’s £400 million 1% guaranteed non-dilutive bonds due 2023 was adjusted to £4.2877 from £4.2285 effective as of Thursday, according to a company press release.

The conversion ratio was adjusted to 23,322.5272 from 23,649.0481.

BP said the adjustment was a result of a cash dividend of $0.0525 per ordinary share.

BP Capital Markets is a financing arm of the London-based oil and gas company.


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