BNP Paribas talks offering of six-year fixed-to-floaters at Treasuries plus 120 bps area

By Devika Patel and Cristal Cody

Knoxville, Tenn., Jan. 6 – BNP Paribas (Aa3/A/A+) plans to price fixed-to-floating rate notes due Jan. 13, 2027, according to a market source.

Initial price talk was Treasuries plus 120 basis points area.

BNP Paribas Securities Corp. is the bookrunner.

BNP Paribas is Paris-based banking and financial services company.

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