BP Exploring Financing Options

By Benzinga Staff
June 18, 2010 1:01 PM

Symbols: BP

Posted in: Bonds, News, Rumors, Global, Intraday Update, Markets, Movers

As previously reported by CNBC's Kate Kelly, BP (NYSE: BP) is exploring options to raise $4 billion to $5 billion. Though discussions remain fluid, sources say that BP is considering "either a bank loan and/or bond offering."

Bankers believe the prior goal of a $10 billion offering is likely overly optimistic.

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