BNP Paribas Australia nets A$1 billion in new 2016 benchmark [UPDATED]

BNP Paribas Australia Branch (BNP Paribas Australia) (AA/Aa2/AA-) priced its second domestic deal of the year on May 16, issuing A$1 billion (US$1.06 billion) in a new May 2016 line. The issuer has been a consistent presence in the Australian market since its 2009 debut, placing A$1 billion that year followed by A$2.45 billion last year and A$800 million so far in 2011.