BNP prices A$1 billion in first Australia deal for a decade

BNP Paribas (BNP) (AA/Aa1/AA) priced its first deal in the Australian market for over a decade on June 16 when it brought a total of A$1 billion (US$789.9 million) of fixed and floating rate three-year paper to market in unguaranteed format through its Australian branch. The transaction priced at 145 basis points over swap.