BNPP blows out with long end AT1 in dollars

By David Rothnie
19 Feb 2021

BNP Paribas was nearly seven times subscribed for a long call additional tier one (AT1) this week — in its third dollar deal of the year.

The French bank came out with a perpetual non-call 10 year AT1 on Thursday, as it looked to tap into what has been huge investor demand for hybrid paper so far this year. 

It opened with price thoughts in the 5.125% area, which attracted a lot of ...

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