Investors crowd into BNPP’s first senior non-preferred floater

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Investors crowd into BNPP’s first senior non-preferred floater

BNP Paribas 230

BNP Paribas issued the first French senior non-preferred deal in floating rate format on Wednesday and enjoyed a strong reception in a move that could well spur compatriot banks to follow. Callable French senior non-preferred deals are, however, still some way off, said bankers.

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