BNPP, BBVA look long in dollars with AT1 market ‘on fire’

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Cookies Settings
FIG
Bank Capital

BNPP, BBVA look long in dollars with AT1 market ‘on fire’

Tyler Davies
November 07, 2017 01:00 PM
BNP_Paribas_Bourse_PA_230x150_071117
Illustration BNP and Stock Exchange in Paris, France, on june 02, 2014. French Bank BNP Paribas falls in Stock Exchange. Photo by Alain Apaydin/ABACAPRESS.COM | Apaydin Alain/ABACA/PA Images

BNP Paribas set a 10 year call period on a new $750m additional tier one (AT1) trade on Tuesday, as the French bank looked to lock down an attractive cost of capital for as long as it could following an impressive month of performance for the asset class. Spain's BBVA quickly looked to follow suit.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Topics

Bank CapitalBNP ParibasEuropeFranceEMEAFIG
TD
Tyler Davies
Gift this article