Investors give thanks for long dated BNP Paribas bond

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By Tyler Davies
26 Nov 2020

BNP Paribas took advantage of the thirst for duration in the euro bond market on Thursday, offering investors a chance to get hold of long dated non-preferred senior paper.

The French issuer opened books on a 12 year deal through its own investment bank, dropping its usual habit of including a one year call option — an efficient structure for regulatory reasons. 

It started with pricing in the 105bp area over mid-swaps, before guiding the market to ...

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