By Andrea Heisinger
New York, April 6 - BNP Paribas SA reopened its issue of 5% notes due Jan. 15, 2021 on Wednesday to add $1 billion, a market source said late in the day.
The notes (Aa2/AA/) were priced at a spread of Treasuries plus 145 basis points. The notes were sold in line with guidance in the 145 bps area.
Total issuance is $3 billion, including $2 billion priced on Jan. 12 at 175 bps over Treasuries.
Full terms were not available at press time.
The bookrunner was BNP Paribas Securities Corp.
Proceeds are being used for general corporate purposes.
The financial services company is based in Paris.
| Issuer: | BNP Paribas SA
|
| Issue: | Notes, reopened
|
| Amount: | $1 billion
|
| Maturity: | Jan. 15, 2021
|
| Bookrunner: | BNP Paribas Securities Corp.
|
| Coupon: | 5%
|
| Spread: | Treasuries plus 145 bps
|
| Call: | Non-callable
|
| Trade date: | April 6
|
| Ratings: | Moody's: Aa2
|
| Standard & Poor's: AA
|
| Price talk: | 145 bps area
|
| Total issuance: | $3 billion, including $2 billion priced on Jan. 12 at 175 bps spread
|
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