BNP Paribas shows TLAC options are open in non-core currencies

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BNP Paribas shows TLAC options are open in non-core currencies

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BNP Paribas headquarter is pictured in Paris, France on May 30, 2014. The US is seeking more than billion to resolve a criminal probe into allegations that the French bank evaded US sanctions against Iran, Sudan and Cuba, the Wall Street Journal reported Thursday. Photo by Alain Apaydin/ABACAPRESS.COM | Apaydin Alain/ABACA/PA Images

BNP Paribas is blazing a trail by selling non-preferred senior bonds in non-core currencies, as a broadening circle of investors show their interest in total loss absorbing capacity (TLAC) product from European banks. With more liquid points outstanding, the way could be open for more financial institutions to follow.

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