IFLR1000

BNP Paribas €750 million hybrid note issue

17/6/2015
Convertible and hybrid securities
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€ 750 million

$ 805.187 million

Completed

17/6/2015

Overview:

  • French bank BNP Paribas successfully issues €750 million of perpetual fixed rate re-settable additional Tier 1 notes to the Euronext Paris. 
  • This was the bank's first hybrid bond issue under Capital Requirements Regulation (CRR).
  • The banking syndicate was led by BNP Paribas but also included ABN Amro Bank, Banca IMI, Barclays, Danske, ING, Lloyds, Royal Bank of Scotland and Santander. 

John Crabb - Journalist 

Jurisdiction:

France

Deal type:

Convertible and hybrid securities

Practice area:

Capital markets : Debt

Governing law:

France

Industry sector:

Banking

Firm:
Allen & Overy

Party: BNP Paribas (Issuer, Lead manager)

Party: ABN Amro (Bookrunner)

Party: Banca IMI (Bookrunner)

Party: Barclays (Bookrunner)

Party: Danske (Bookrunner)

Party: ING (Bookrunner)

Party: Lloyds Banking Group (Bookrunner)

Party: Banco Santander (Bookrunner)

Party: Royal Bank of Scotland (RBS) (Bookrunner)

Lawyers: Dan Lauder, Hervé Ekué

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