BP’s $2.5 Billion Offering

August 10, 2020

Cleary Gottlieb represented the underwriters in an offering by BP Capital Markets America, a wholly owned subsidiary of BP, of $1 billion 1.749% notes due 2030 and $1.5 billion 2.772% notes due 2050.

The notes are guaranteed by BP. The underwriters for the offering were Citigroup, HSBC, J.P. Morgan, Mizuho Securities, Morgan Stanley, and SMBC Nikko. The offering, a takedown from BP and BP Capital Markets America’s shelf registration statement, closed on August 10, 2020.

BP is one of the world’s leading international oil an d gas companies. It operates in more than 70 countries and provides its customers with fuel for transportation, energy for heat and light, retail services, and petrochemical products for everyday items.