BNP Paribas raises 1 bln euros from senior unsecured bond - lead manager

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, April 4 (Reuters) - BNP Paribas raised 1 billion euros ($1.09 billion) from a senior unsecured bond on Tuesday, according to a lead manager memo seen by Reuters. The deal comes as debt sales by banks resurface following upheaval in March after Credit Suisse wiped out holders of its AT1 bonds, a type of subordinated debt, as part of its rescue by UBS.


Demand for the new eight-year green bond exceeded 1.85 billion euros, the memo said.


The deal priced for a yield of 4.358%, according to the memo.
($1 = 0.9179 euros) (Reporting by Yoruk Bahceli; editing by Chiara Elisei)

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