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Published on 1/20/2021 in the Prospect News Investment Grade Daily.

New Issue: BNP Paribas sells $1.25 billion of 2.824% 20-year notes at Treasuries plus 118 bps

By Devika Patel and Cristal Cody

Knoxville, Tenn., Jan. 20 – BNP Paribas SA (Aa3/A+/A+) sold $1.25 billion of 2.824% 20-year notes on Tuesday, according to a market source.

The bonds priced at Treasuries plus 118 basis points. The notes were talked in the Treasuries plus 145 bps area.

BNP Paribas Securities Corp. was the bookrunner.

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

Issuer:BNP Paribas SA
Issue:Notes
Amount:$1.25 billion
Maturity:Jan. 26, 2041
Bookrunner:BNP Paribas Securities Corp.
Coupon:2.824%
Spread:Treasuries plus 118 bps
Pricing date:Jan. 19
Ratings:Moody’s: Aa3
S&P: A+
Fitch: A+
Price guidance:Treasuries plus 145 bps area

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