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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
FINANCIALS
BNP coming to market with a two-tranche USD benchmark issue, shorter-end pricing talk looks wider.
- Senior non-preferred, both tranches fixed-to-FRN, coming in benchmark size, expected ratings Baa1/A-/A+, in line with rest of BNP’s similar credit curve.
- BNP trades tightest of the three French banks with meaningful SNP USD issues out there, it would seem the IPT is much wider on the shorter-dated tranche with a seeming expectation of some rarity value further out along the curve (see graphic).
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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