December 11, 2007 / 10:25 PM / 12 years ago

New Issue-BP Capital Markets sells $1.5 bln extendibles

 Dec 11 (Reuters) - BP Capital Markets Plc, a unit of BP Plc (BP.L) (BP.N), on Tuesday sold $1.5 billion in five-year extendible floating-rate notes, said market sources.
 Goldman Sachs and HSBC Securities were the joint lead managers for the sale. BORROWER: BP CAPITAL MARKETS PLC AMT $1.5 BLN      COUPON FLTG RATE**    MATURITY 12/10/2012* TYPE EXTENDIBLES  ISS PRICE 100         FIRST PAY 3/11/2008  MOODY’S Aa1       YIELD N/A             SETTLEMENT 12/18/2007 S&P AA-PLUS       SPREAD N/A            PAY FREQ QUARTERLY   FITCH N/A                               NON-CALLABLE         *INITIAL MATURITY 1/09/2009; FINAL MATURITY: 12/10/2012     **COUPON FLOATS, PAYS AND RESETS QUARTERLY. ANNUAL MARGINS FOLLOW: YEAR 1: 3-MO LIBOR +10 BPS YEAR 2: 3-MO LIBOR +12 BPS YEAR 3: 3-MO LIBOR +13 BPS YEAR 4: 3-MO LIBOR +14 BPS YEAR 5: 3-MO LIBOR +15 BPS   

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