Aker BP Contemplating US Dollar Loan

Published

Image Credit: Aker BP
Image Credit: Aker BP

Norwegian independent oil firm Aker BP will hold meetings with fixed-income investors to prepare the ground for a possible U.S. dollar-denominated loan, the company said on Tuesday.

The potential issue of investment-grade senior unsecured notes will be subject to market conditions, Aker BP said in a statement.

It did not say how much money it planned to raise.

The company was not immediately available for comment when contacted by Reuters.

(Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

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