BNP Paribas Markets First Offering of Samurai Bond Since 2011
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BNP Paribas SA, France’s largest bank, started marketing its first sale of Samurai bonds since March 2011.
The lender told investors it plans to price the three-year notes to yield 15 to 20 basis points more than the yen swap rate, and debt due in five years at a spread of 20 to 25, according to a person familiar with the matter. The terms will be set as early as Sept. 6, said the person, asking not to be identified as the information is private.