BP Announces $1.25 Billion Securities Offering
BP has announced a $2.25 billion securities offering of 6.125% Perpetual Subordinated Fixed Rate Reset Notes through BP Capital Markets, backed by guarantees from BP. This move aims to enhance BP's capital structure and offer new investment opportunities in the fixed-income market. The offering is authorized and will be governed by English law.
BP (BP) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
BP is set to issue $1.25 billion in 6.125% Perpetual Subordinated Fixed Rate Reset Notes through its subsidiary, BP Capital Markets, backed by guarantees from BP itself. This strategic financial move aims to strengthen BP’s capital structure and provide investors with new opportunities in the fixed-income market. The securities offering has been duly authorized and will be governed by English law.
For further insights into BP stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
- New Recycling Facility Gives Waste Connections (TSE:WCN) New Gains
- ETHR, ETHH: 2 Ethereum ETFs to Gain Exposure to Crypto
- Shareholder Alert for Toronto-Dominion Bank (NYSE:TD)
