BNP Paribas $3 billion notes issue

Overview:

• French bank BNP Paribas completed its offering of $1.5 billion Rule 144A/Regulation S offering of perpetual fixed rate re settable additional Tier 1 notes. 
• The notes will qualify additional Tier 1 capital under European CRD IV capital regulations.
• BNP Paribas Securities, Commerzbank, Credit Suisse, HSBC, Standard Chartered, TD Securities, UBS Investment Bank, UniCredit Bank, BB Securities, Bradesco BBI, CIBC, Scotiabank and Swedbank acted as managers.
• Eric Malinvaud, head of CIB Legal France at BNP Paribas, acted as legal counsel to the issuer as to French law.

John Crabb - Journalist