{"id":358075,"date":"2020-06-18T12:05:11","date_gmt":"2020-06-18T06:35:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=358075"},"modified":"2020-06-18T12:47:37","modified_gmt":"2020-06-18T07:17:37","slug":"british-oil-major-bp-raises-12-bn-in-debt-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/british-oil-major-bp-raises-12-bn-in-debt-report\/","title":{"rendered":"British oil major BP raises $12 bn in debt: Report"},"content":{"rendered":"<p>British oil major BP Plc raised $12 billion of debt with equity-like features, taking advantage of low-interest rates to fortify its balance sheet, the Financial Times reported on Wednesday. <\/p>\n<p>The report of the fundraising comes days after BP decided to write off up to $17.5 billion from the value of its assets, betting the COVID-19 crisis would pressure energy demand and accelerate a shift away from fossil fuels.<\/p>\n<p>The oil company raised $5 billion, 4.75 billion euros ($5.34 billion) and 1.25 billion pounds, the FT said, adding that BP locked in annual interest rates as low as 3.25% on some of its new euro notes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>British oil major BP Plc raised $12 billion of debt with equity-like features, taking advantage of low-interest rates to fortify its balance sheet, the Financial Times reported on Wednesday. The report of the fundraising comes days after BP decided to write off up to $17.5 billion from the value of its assets, betting the COVID-19 crisis would pressure energy demand and accelerate a shift away from fossil fuels. The oil company raised $5 billion, 4.75 billion euros ($5.34 billion) and 1.25 billion pounds, the FT said, adding that BP locked in annual interest rates as low as 3.25% on some [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[146,130,177],"tags":[],"class_list":["post-358075","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=358075"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/358075\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=358075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=358075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=358075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}