BNP Paribas talks offering of fixed-to-floaters due 2027 at Treasuries plus 162.5 bps area

By Cristal Cody

Tupelo, Miss., Sept. 23 – BNP Paribas SA (Aa3/A+/A+) plans to price new seven-year fixed-to-floating rate notes on Wednesday, according to a market source.

The notes are guided to price in the 162.5 basis points over Treasuries area.

BNP Paribas Securities Corp. is the bookrunner.

The notes have a seven-year non-call period.

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

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