BNP Paribas raises €1bn and prices inside curve
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BNP Paribas raises €1bn and prices inside curve

BNP Paribas priced a €1bn seven year French covered bond on Wednesday following the excellent reception for HSBC France’s Obligation à l’Habitat. Despite pricing inside its curve, BNPP attracted overwhelming demand and showed that supply starved investors are desperate for covered bond exposure.

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