First Pay: 2026-04-06; Registration: Reg S Only; Comments: BNP(B&D). EUR1.25bn Green Hybrid PNC5.5 fxd-rate-reset cpn 4.375% at 99.426, yld 4.500%. Initial Spread: 207.4bp. Par Call: 3m. MWC: B+35bp. Tax Call: Yes. Clean-up Call: 75%. Reset Date: 4/6/2031. LEI: 549300X3UK4GG3FNMO06;
Deal Comments
Green Nuclear Hybrid Bond
Use of Proceeds
Allocate an amount equivalent to the net proceeds of the Notes to capital expenditures in nuclear power generation within the EU and aligned to the EU-Taxonomy