BNPP offers small NIP on non-pref deal

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BNPP offers small NIP on non-pref deal

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MONTREAL, CANADA - OCTOBER 4, 2018: BNP Paribas building and logo in Montreal. BNP Paribas is a French international banking group. | dzianominator - stock.adobe.com

BNP Paribas launched a non-preferred senior bond at 73bp over mid-swaps this week, which included a small new issue concession to give room for a bit of secondary market performance for investors.

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