Bond Factsheet
BNP 4.625% 09Mar2027 Corp (AUD)
BNP Paribas SA
Indicative
Full Lot
Bid Price 99.437
Change in Bid Price 0.016
Bid Yield (%) 5.836 %
Change in Bid Yield 0.030
Ask Price 99.583
Change in Ask Price 0.014
Ask Yield (%) 5.489 %
Change in Ask Yield 0.028
Indicative price as of 02 Oct 2026, 4:33pm
Bond Issuer
BNP Paribas SA
Guarantor
-
Announcement Date
30 Aug 2016
Issue Date
09 Sep 2016
Maturity Date
09 Mar 2027
Years to Maturity / Next Call
0.427 / -
Modified Duration
0.400 @ 02 Oct 2026
Issue / Reoffer Price
99.012
Issue / Reoffer Yield
4.750
Coupon Type
Fixed
Annual Coupon Rate
4.625
Coupon Frequency
Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
-
ISIN
XS1485725854
CUSIP
QZ3724296
Bond Currency
AUD
Total Issue Size
280,000,000
Min. Investment Quantity (Nominal)
AUD 200,000
Incremental Quantity (Nominal)
AUD 2,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ A+
Bond Credit Rating (S&P/ Fitch)
***/ A-
Shariah Compliant
No
Exchange Listed
Others
Loss Absorption
The powers set out in the BRRD will impact how credit institutions, including the Issuer, and investment firms are managed as well as, in certain circumstances, the rights of creditors. In particular, Noteholders may be subject to write-down (including to zero) or conversion into equity on any application of the general bail-in tool (including amendment of the terms of the Notes such as a variation of the maturity), which may result in such holders losing some or all of their investment. The exercise of any power under the BRRD as applied to the Issuer or any suggestion of such exercise could, therefore, materially adversely affect the rights of the Noteholders, the price or value of their investment in any Notes and/or the ability of the Issuer to satisfy its obligations under any Notes.
bail-in: gives resolution authorities the power to write-down the claims of unsecured creditors of a failing institution and to convert certain unsecured debt claims (including Notes) to equity (the "general bail-in tool"), which equity could also be subject to any future cancellation, transfer or dilution by application of the general bail-in tool.
Optional Redemption of Subordinated Notes upon the occurrence of a Capital Event
Upon the occurrence of a Capital Event (as defined below), the Issuer may (at its option but subject to paragraph (n) (Conditions to redemption of Subordinated Notes prior to Maturity Date) below) at any time subject to having given no less than thirty (30) nor more than forty five (45) calendar days’ notice to the Noteholders in accordance with Condition 12 (Notices) (which notice shall be irrevocable), redeem the Subordinated Notes in whole, but not in part, at their Redemption Amount, together with all interest accrued to the date fixed for redemption.
"Capital Event" means the determination by the Issuer, that as a result of a change in the Relevant Rules becoming effective on or after the Issue Date of the relevant Series of Subordinated Notes, which change was not reasonably foreseeable by the Issuer as at the Issue Date of the relevant Series of Subordinated Notes, it is likely that all or part of the aggregate outstanding nominal amount of the Subordinated Notes will be excluded from the Tier 2 Capital of the Group.
"Relevant Regulator" means the European Central Bank and any successor or replacement thereto, or other authority having primary responsibility for the prudential oversight and supervision of the Issuer.
Waiver of Set-Off
Unless Waiver of Set-Off is specified as not applicable in the applicable Final Terms, and subject to applicable law, no Noteholder may exercise or claim any right of set-off, compensation or retention in respect of any amount owed to it by the Issuer arising under or in connection with the Notes and each Noteholder shall, by virtue of being the holder of any Note, be deemed to have waived to the extent permitted by applicable law all such rights of set-off, compensation and retention in respect of such Notes, both before and during any winding-up, liquidation or administration of the Issuer. Notwithstanding the provisions of the foregoing sentence, if any of the said rights and claims of any Noteholder against the Issuer is discharged by set-off, compensation or retention, such Noteholder will immediately pay an amount equal to the amount of such discharge to the Issuer or, in the event of winding-up or administration of the Issuer, the liquidator or, as applicable, the administrator of the Issuer.
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