BNP Paribas

'Generally of the view that we’re at or around peak rates' says lead

◆ NAB chooses faster Euroyen while BNP Paribas goes bigger in Samurai ◆ French deal showed greater 'depth' of domestic market ◆ Low premium paid

Higher rates and name recognition fuelled the tightest corporate print since June

Market in 'good condition' after EIB re-opener, more supply to come next week

Muted SSA market welcomes European pair

◆ Issuer is not rare in sterling market, but its preferred debt is ◆ Pays single digit premium, locks in arbitrage ◆ ‘Hot’ sterling market could attract a variety of issuers

◆ BNPP serves up dollar AT1 reopener ◆ HSBC lands dual tranche senior inside euros ◆ Borrowers expected to prioritise dollars over euros

◆ Investors flock to first dollar AT1 for five months ◆ Positive response to new equity conversion structure ◆ More supply to come but no 'deluge'

Czech billionaire Daniel Kretinsky is in talks to buy Atos’s legacy operations

Cellnex is feeling the heat from rising interest rates with its €20.7bn pile of debt

◆ Regulator starts collecting data on hedging and accounting of capital instruments ◆ Is AT1 debt or equity? ◆ BNP Paribas’s reclassification of future dollar AT1 provides an example

Issuer prices flat to fair value after building record book while keeping investors onside