Investor Presentaiton
Medium/Long Term Regulatory Funding
Continued presence in debt markets
2021 MLT regulatory issuance plan completed:
€20.5bn issued
Capital instruments: €5.15bn issued¹
AT1: $1.25bn priced on 18.02.21, PerpNC102,
at 4.625% (sa, 30/360); reset rate post call date at 5Y US
Treasuries+334 bps
Tier 2 main issuances include:
$1.25bn priced on 19.01.21, 20 years bullet, at US
Treasuries+118 bps
£1bn priced on 17.05.21, 10NC53, at UK Gilt+165 bps
-
- 2022 MLT regulatory issuance plan: ~ €20.5bn
Capital instruments: ~€5.5bn;
including €2-3bn AT1, €1.1bn already issued
AT1: $1.25bn (€1.1bn) issued on 05.01.22, PerpNC58, at
4.625% (sa, 30/360); reset rate post call date at 5Y US
Treasuries+320 bps
-
Non Preferred Senior debt: ~ €15bn; €5.0bn already issued,
including
€1bn priced on 23.08.21, 12NC74, at mid-swap€+117 bps
•
Non Preferred Senior debt: €15.4bn issued¹
Main issuances in 4Q21 include:
•
€1bn, priced on 23.11.21, 6.5NC5.55 Green,
at mid-swap€+68 bps
•
€1.50bn, issued on 04.01.22, 8.5NC7.59,
at mid-swap€+83 bps
CHF220m (€0.2bn), priced on 06.01.22, 6NC510,
at CHF mid-swap€+68 bps
Dual tranche issued on 12.01.22:
$1.75bn (€1.5bn), 6NC510, at US Treasuries+110 bps
$1.25bn (€1.1bn), 11NC1011 at US Treasuries+140 bps
2
30% of the regulatory issuance plan realised as of 31 January 2022
1. As of 31 December 2021, trade dates for the issuances, € valuation based on 31.12.21 FX rates; 2. Perpetual, callable on year 10, and every 5 year thereafter; 3. 10-year maturity callable on year 5 only; 4. 12-year
maturity callable on year 7 only; 5. 6.5-year maturity callable on year 5.5 only; 6. Subject to market conditions, indicative amounts; 7. As of 31 January 2022, trade dates for the issuances,
€ valuation based on FX rates on trade dates; 8. Perpetual, callable on year 5, and every 5 year thereafter; 9. 8.5-year maturity callable on year 7.5 only; 10. 6-year maturity callable on year 5 only; 11. 11-year maturity
callable on year 10 only.
BNP PARIBAS
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