French and Finnish banks test the water
After more than a week without primary euro issuance, BNP Paribas and OP Mortgage Bank on Friday broke rank from the sidelines and opened books for 10 year and seven year deals respectively. BNP Paribas had closed books on a well received Eu2bn transaction by mid-morning, while execution on OP’s Eu1bn no-grow deal was less straightforward.
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