On 23 February, BNP Paribas (A+/Aa3/AA-) began taking indications of interest for a 6.5-year non-call 5.5-year, Australian dollar denominated, senior-nonpreferred, EMTN transaction. Offered in either or both fixed- and floating-rate note formats, initial price guidance for the deal is 100-105 basis points area over swap benchmarks.