FRN market still open as BNPP prints Eu1bn
BNP Paribas issued a Eu1bn two and a half year FRN on Monday, beating the pricing on last week’s two year floaters from Banco Bilbao Vizcaya Argentinaria and Société Générale by 2bp, surpassing their record for the tightest pricing in the senior unsecured market this year.
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