Investors give thanks for long dated BNP Paribas bond

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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