US banks miss out in BNPP’s Eu4.3bn rights issue
BNP Paribas surprised equity capital markets with the nomination of HSBC as bookrunner on its Eu4.3bn rights issue, set to launch Wednesday, returning a favour to HSBC, which mandated the French bank as lead manager on its multi-billion pound cap hike in May. Turn to EuroWeek on Friday for more reactions from equity bankers to the absence of traditional ECM houses, as well as all details on the deal.
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