TNK-BP Issues U.S.$1 Billion of Eurobonds Due 2015 and 2020
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TNK-BP Issues U.S.$1 Billion of Eurobonds Due 2015 and 2020
The 5-year U.S.$500 million tranche was priced with a coupon of 6.250% and the 10-year U.S.$500 million tranche was priced with a coupon of 7.250%.The issuer of the Eurobonds is TNK-BP Finance S.A. (Luxembourg), a wholly owned subsidiary of TNK-BP International Ltd., which is the guarantor of the Eurobonds.