Ashurst has advised BP p.l.c. on its US$4 billion debut bond buyback.
The transaction, which launched on 17 September and closed on 25 September, resulted in bp acquiring US$4 billion worth of eight euro and sterling bonds previously issued under its Debt Issuance Programme.
The bond buyback follows on from bp’s US$12 billion debut corporate hybrid debt issuance in June 2020 on which Ashurst also advised.
The Ashurst team was led by partner Alex Biles (Picture) and comprised senior associate Kavisha Bilimoria and associates Charlotte Coleman and Emma Bridger.
Law Firms: Ashurst;
Clients: BP Plc;