BNPP the exception as clock runs down on ‘09
BNP Paribas’ Eu1.5bn five year senior unsecured issue that resuscitated the unguaranteed market yesterday (Monday) has performed strongly in the aftermarket. However, the range of banks considered strong enough to follow the Aa1 credit’s example is considered narrow – although the options for even guaranteed issuance in euros this year are now seen as limited.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts