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Updated 19 May, 2012 08:02am

BP not planning bond sale

BP has considered a number of different scenarios to raise additional cash, should the need arise, such as additional assets sales and a potential bond offering but, for now, the company is confident its cash resources can cover the bulk of the clean-up costs, one source said.
BP is seeking to arrange credit lines of up to $7 billion from banks, banking sources told Reuters last week.
Copyright Reuters, 2010

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