BNPP shows ‘leadership’ with first callable non-pref

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BNPP shows ‘leadership’ with first callable non-pref

BNP_Paribas_NY_PA_230x150_040119
Advertising for the French bank, BNP Paribas, is seen in New York on Tuesday, May 6, 2014.The U.S. Federal Reserve Board is fining BNP Paribas $246 million for alleged improper foreign currency trading practices. (Photo by Richard B. Levine) *** Please Use Credit from Credit Field *** | Richard B. Levine/SIPA USA/PA Images

BNP Paribas has become the first European bank to put a callable non-preferred senior deal into the public market, after opening books on a new dollar deal on Thursday.

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