BNP Paribas takes indications of interest for tier-two EMTN deal

On 4 October, BNP Paribas (A/Aa3/A+) began taking indications of interest for a benchmark, Australian dollar denominated, 15-year non-call 10-year tier-two EMTN deal. The deal is expected to launch in the near future and is being marketed at 220 basis points area over mid swap. The expected issue ratings are BBB+/Baa2/A.