BNPP returns to ‘regionally targeted’ approach for non-preferred
BNP Paribas will look to place a new non-preferred senior bond among regional investors in Germany this week, as it diversifies its investor base for total loss-absorbing capacity (TLAC) eligible debt.
The French issuer hired its own investment bank, DZ Bank, LBBW, NordLB and UniCredit to arrange the sale of the seven year non-preferred senior bond.
It was taking indications of interest for the new notes on Monday and may look to price the deal on Tuesday. The
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