Aker BP shops two tranches of split-rated notes due 2026, 2031

By Cristal Cody

Tupelo, Miss., Sept. 23 – Aker BP ASA plans to price a two-part offering of dollar-denominated split-rated senior notes (Ba1/BBB-/BBB-) on Wednesday, according to a market source.

A tranche of notes due Jan. 15, 2026 is talked to price with a spread in the Treasuries plus 300 basis points area.

Aker is offering notes due Jan. 15, 2031 with price talk at the 375 bps over Treasures area.

Barclays, BMO Capital Markets Corp., J.P. Morgan Securities LLC, SEB Securities, Inc. and Wells Fargo Securities LLC are the joint global coordinators.

Aker BP is an oil exploration and development company based in Trondheim, Norway.

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