BP bond performance points at rehabilitation for oil giant

Katy Barnato
01 Nov 2010

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Oil giant BP returned to the bond markets in October for the first time since the Deepwater Horizon oil rig disaster in the Gulf of Mexico in April, launching two large deals in quick succession. A $3.5 billion issue on September 29 was followed a week later by a €2 billion transaction, both of which were well supported by investors.

“Coming out of the oil spill, BP still had the need to raise finance, both for near-term maturities coming up in 2011, and for general corporate purposes,” says

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