BNPP goes long and short as investors eye defensive names

18 Mar 2011

BNP Paribas spanned the extent of the maturity curve this week.

It printed a 12 year transaction on March 11 — the longest new euro denominated FIG senior unsecured deal this year — and returned again with a one year trade the following Thursday.

The bank sold the Eu2.5bn one year floating rate note at 18bp over Euribor on ...

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