By Andrea Heisinger
New York, Sept. 7 - BNP Paribas SA sold $1.25 billion of 2.375% five-year senior notes (A2/AA/) on Friday at a spread of Treasuries plus 178 basis points, a source away from the deal said.
The bonds sold at the tight end of guidance that was initially 185 bps to 190 bps and then revised down to the 180 bps area.
Full terms of the deal were not available at press time.
Bookrunner was BNP Paribas Securities Corp.
The banking and financial services group is based in Paris.
| Issuer: | BNP Paribas SA
|
| Issue: | Senior notes
|
| Amount: | $1.25 billion
|
| Maturity: | 2017
|
| Bookrunner: | BNP Paribas Securities Corp.
|
| Coupon: | 2.375%
|
| Spread: | Treasuries plus 178 bps
|
| Trade date: | Sept. 7
|
| Ratings: | Moody's: A2
|
| Standard & Poor's: AA
|
| Price talk: | 185 to 190 bps (initial), 180 bps area (revised)
|
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