BP » Topics » DESCRIPTION OF NOTES

These excerpts taken from the BP 424B5 filed Aug 7, 2009.

DESCRIPTION OF NOTES

 

This section outlines the specific financial and legal terms of the notes that are more generally described under “Description of Debt Securities and Guarantees” beginning on page 12 of the accompanying prospectus. If anything described in this section is inconsistent with the terms described under “Description of Debt Securities and Guarantees” in the accompanying prospectus, the terms described below shall prevail.

 

DESCRIPTION OF NOTES

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This section outlines the specific financial and legal terms of the notes
that are more generally described under “Description of Debt Securities and Guarantees” beginning on page 12 of the accompanying prospectus. If anything described in this section is inconsistent with the terms described under
“Description of Debt Securities and Guarantees” in the accompanying prospectus, the terms described below shall prevail.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">1.55% Guaranteed Notes due 2011 (the “2011 notes”)

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Issuer: BP Capital Markets p.l.c.

 







  

Title: 1.55% Guaranteed Notes due 2011.

 







  

Total principal amount being issued: $750,000,000.

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Issuance date: August 11, 2009.

 







  

Maturity date: August 11, 2011.

 







  

Day count: 30/360.

 







  

Day count convention: Following.

 







  

Interest rate: 1.55% per annum.

 







  

Date interest starts accruing: August 11, 2009.

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Interest payment dates: Each February 11 and August 11.

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First interest due date: February 11, 2010.

 







  

Regular record dates for interest: The 15STYLE="vertical-align:baseline; position:relative; bottom:.8ex">th calendar day preceding each interest payment date, whether or not such day is a business day.

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Further issuances: BP Capital U.K. may, at its sole option, at any time and without the consent of the then existing note holders issue additional 2011 notes
in one or more transactions subsequent to the date of this prospectus supplement with terms (other than the issuance date, issue price and, possibly, the first interest payment date and the date interest starts accruing) identical to the 2011 notes
issued hereby. These additional 2011 notes will be deemed part of the same series as the 2011 notes issued hereby and will provide the holders of these additional 2011 notes the right to vote together with holders of the 2011 notes issued hereby,
provided that such additional notes will be issued with no more than de minimis original issue discount or be part of a “qualified reopening” for U.S. federal income tax purposes.

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Net proceeds: The net proceeds, before expenses, will be $748,575,000.

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These excerpts taken from the BP 424B5 filed Mar 6, 2009.

DESCRIPTION OF NOTES

 

This section outlines the specific financial and legal terms of the notes that are more generally described under “Description of Debt Securities and Guarantees” beginning on page 11 of the accompanying prospectus. If anything described in this section is inconsistent with the terms described under “Description of Debt Securities and Guarantees” in the accompanying prospectus, the terms described below shall prevail.

 

DESCRIPTION OF NOTES

STYLE="margin-top:0px;margin-bottom:0px"> 

This section outlines the specific financial and legal terms of the notes
that are more generally described under “Description of Debt Securities and Guarantees” beginning on page 11 of the accompanying prospectus. If anything described in this section is inconsistent with the terms described under
“Description of Debt Securities and Guarantees” in the accompanying prospectus, the terms described below shall prevail.

 

STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%">3.125% Guaranteed Notes due 2012 (the “2012 notes”)

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Issuer: BP Capital Markets p.l.c.

 







  

Title: 3.125% Guaranteed Notes due 2012.

 







  

Total principal amount being issued: $1,500,000,000.

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Issuance date: March 10, 2009.

 







  

Maturity date: March 10, 2012.

 







  

Day count: 30/360

 







  

Day count convention: Following

 







  

Interest rate: 3.125% per annum.

 







  

Date interest starts accruing: March 10, 2009.

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Interest payment dates: Each March 10 and September 10.

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First interest due date: September 10, 2009.

 








 

 

Regular record dates for interest: The 15thFACE="Times New Roman" SIZE="2"> calendar day preceding each interest payment date, whether or not such day is a business day.

 







  

Further issuances: BP Capital U.K. may, at its sole option, at any time and without the consent of the then existing note holders issue additional 2012 notes
in one or more transactions subsequent to the date of this prospectus supplement with terms (other than the issuance date, issue price and, possibly, the first interest payment date and the date interest starts accruing) identical to the 2012 notes
issued hereby. These additional 2012 notes will be deemed part of the same series as the 2012 notes issued hereby and will provide the holders of these additional 2012 notes the right to vote together with holders of the 2012 notes issued hereby.

 







  

Net proceeds: The net proceeds, before expenses, will be $1,498,035,000.

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