Corporate Hybrid Specialists
Congratulations to BP on their most recent issuance
We’d like to extend our congratulations to client BP plc on its multi-billion hybrid bond issuance.
“The deal marked the largest ever sale of so-called hybrid bonds, which place less of a strain on a company’s balance sheet because the principal never has to be repaid.”
FT.com June 17 2020
LawDeb was appointed to act as bond trustee on this issue by BP of EUR 4.75bn and GBP 1.25bn hybrid bonds; so-called as they combine features of debt and equity.
Law Deb has a long standing relationship with BP, having acted as trustee on its debt issuance programme for many years.
The team continues to work with other international corporates on their proposed hybrid bond issuances.
Effective debt financing depends on fast, flexible and reliable execution and at LawDeb we deliver this.