BP prices Kangaroo market's first corporate deal since 2006
- Tuesday, 28 August 2012
BP Capital Markets (BP) (A/A2/A) priced the first transaction from a non-financial corporate borrower in the Kangaroo market for over six years on August 29, closing a new five-year issue at a margin of 115 basis points over swap. The borrower has said it hopes to be a regular Kangaroo borrower and has a long-term target of issuing around A$1 billion (US$1.04 billion) a year.
