BNPP hits German regions with first targeted TLAC bond

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BNPP hits German regions with first targeted TLAC bond

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Location Germany. Red pin on the map. | Zerophoto/Zerophoto - stock.adobe.com

BNP Paribas sold a seven year non-preferred issue on Tuesday, in the first ever total loss-absorbing capacity (TLAC) bond transaction aimed at regional investors.

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