Commentary & Deal Flow

Aker BP ASA (AKERBP) exp Baa2/BBB/BBB US$ benchmark 144A/Reg S no reg rights 10y sr notes due 10/30/35. MWC then 3mos par call. CoC @101. Barc/Citi/MUFG/WFS (B&D) as JGCs. ABN Amro/BofA/Nordea/UniCred as active JBRs. BoC/DNB Carnegie/ING/StanChart as passive JBRs. Demos: 150,000 x 1,000. Sale into Canada: Yes - Exemption. UOP: refinancing of existing indebtedness and general corporate purposes Marketing: https://dealroadshow.com Passcode: AKERBP25. Pricing 10/27. Settle 10/30 (T+3). 144A CUSIP / ISIN: 00973RAQ6 / US00973RAQ65. IPTs: T+160 area.