BNP Paribas prints A$300 million AT1 deal

Thursday, 04 July 2019

Issuer: BNP Paribas
Issuer rating: A+/Aa3/AA-
Issue rating: BBB-/Ba1/BBB-
Pricing date: 3 July 2019
Settlement date: 10 July 2019
Call date: 10 January 2025
Maturity date: perpetual
Lead managers: ANZ, BNP Paribas, Commonwealth Bank of Australia, National Australia Bank, Nomura, TD Securities, Westpac Institutional Bank

Volume: A$300 million (US$210.9 million)
Total outstanding in the line: A$300 million
Coupon type: fixed
Coupon rate: 4.5%
Issue/re-offer price: par
Issue yield: 4.5%
Margin to swap: ND