BNP Paribas extends offer tender deadline

28 Nov 2011

BNP Paribas has extended by three days the deadline for investors to participate in its sterling and euro denominated sub for senior exchange and cash tender offers, citing procedural reasons.

The French bank caught attention on November 17 when it became one of the best regarded European banks to launch a capital generating liability management exercise. In a multi-tranched operation, the bank is offering to buy back or exchange sterling and euro denominated subordinate paper, and to ...

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