BNP Paribas starts marketing five-year senior nonpreferred EMTN

On 20 February, BNP Paribas (A/Aa3/A+) began taking indications of interest for a new, five-year Australian dollar denominated senior nonpreferred EMTN transaction. The possible deal will come in either or both fixed- and floating-rate formats and has initial price guidance of 180 basis points area over swap benchmarks. The deal is expected to be rated A-/Baa1/A+.