On 9 January, BNP Paribas (A+/Aa3/AA-) began taking indications of interest for a new 7.5-year, Australian dollar denominated, senior nonpreferred, EMTN deal, offered in either or both fixed and floating-rate format. Initial price guidance for the transaction is 140-145 basis points area over swap benchmarks. The deal is expected to be rated A-/Baa1/A+.
