BNPP, BBVA look long in dollars with AT1 market ‘on fire’
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BNPP, BBVA look long in dollars with AT1 market ‘on fire’

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BNP Paribas set a 10 year call period on a new $750m additional tier one (AT1) trade on Tuesday, as the French bank looked to lock down an attractive cost of capital for as long as it could following an impressive month of performance for the asset class. Spain's BBVA quickly looked to follow suit.

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