$2 Billion BP Capital Markets Offering

May 5, 2016

Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets, a wholly owned subsidiary of BP, of $750 million 1.676 percent notes due 2019 and $1.25 billion 3.119 percent notes due 2026.

The notes are guaranteed by BP. The joint book-running managers for the offering were Citigroup, Deutsche Bank Securities, HSBC, J.P. Morgan, Mizuho Securities and MUFG.  The offering, a takedown from BP and BP Capital Markets’ shelf registration statement, closed on May 4.

BP is one of the world’s leading international oil and gas companies.  It operates in more than 80 countries and provides its customers with fuel for transportation, energy for heat and light, retail services and petrochemical products for everyday items.