Sterling start for BNP Paribas

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By Frank Jackman
06 Jan 2021

BNP Paribas offered investors their first chance to pick up sterling paper from a financial institution this year, printing 10 year paper on Wednesday at a cheap level compared to its outstanding euro and sterling curves.

“This looks to have gone incredibly well,” said a syndicate banker not involved with the deal. “I think it’s fair to say this kind of product is exactly what people are looking for in sterling right now.”

The French firm opened books on a self-led July 2031 senior ...

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