BNP Paribas

By Gerald Hayes
10 Jan 2014

Rating: A2/A+/A+

Amount: €1.25bn

Maturity: January 13, 2021

Issue/reoffer price: 99.61

Coupon: 2.25%

Spread at reoffer: 67bp over mid-swaps

Launched: Tuesday January 7

Payment date: January 13

Sole bookrunner: BNP Paribas

Market appraisal:

“…this is more or less flat to their curve. They brought the pricing in from the 75bp IPTs to 67bp.”

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