Bond Factsheet
BNP 3.310% 23May2032 Corp (SGD)
BNP Paribas SA
Indicative
Full Lot
Bid Price 99.875
Change in Bid Price 0.125
Bid Yield (%) 3.272 %
Change in Bid Yield 0.023
Ask Price 100.500
Change in Ask Price 0.042
Ask Yield (%) 3.156 %
Change in Ask Yield 0.007
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
BNP Paribas SA
Guarantor
-
Announcement Date
15 May 2025
Issue Date
23 May 2025
Maturity Date
23 May 2032
Years to Maturity / Next Call
5.636 / 4.634
Modified Duration
5.041 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.310
Coupon Type
Variable
Annual Coupon Rate
3.310
Coupon Frequency
Semi Annually
Seniority
Senior Non Preferred
Capital Structure
Senior Non Preferred
Reference Rate
Reset Date: 23 May 2031
Reset Rate: 1yr SORA-OIS + Initial Margin (1.110%)
ISIN
FR001400ZT36
CUSIP
YO5508412
Bond Currency
SGD
Total Issue Size
150,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ AA-
Bond Credit Rating (S&P/ Fitch)
***/ A+
Shariah Compliant
No
Exchange Listed
No
Loss Absorption
The Senior Non Preferred Notes are junior to certain obligations
Senior Non Preferred Notes will be subordinated to existing senior debt and Senior Preferred Notes and could be bailed-in before such senior debt in the event of resolution under the BRRD. As a result, the default risk on the Senior Non Preferred Notes will be higher than the risk associated with preferred senior debt (such as Senior Preferred Notes) and other senior liabilities (such as wholesale deposits).
Although Senior Non Preferred Notes may pay a higher rate of interest than comparable Senior Preferred Notes, there is a greater risk that an investor in Senior Non Preferred Notes will lose all or some of its investment should the Issuer become (i) subject to resolution under the BRRD and the Senior Non Preferred Notes become subject to the application of the general bail-in tool or (ii) insolvent. Thus, such holders of Senior Preferred Notes face an increased performance risk compared to holders of Senior Preferred Obligations.
If a judgment is rendered by any competent court declaring the judicial liquidation (liquidation judiciaire) of the Issuer, or if the Issuer is liquidated for any other reason, the rights of payment of the Noteholders of Senior Non Preferred Notes will be subordinated to the payment in full of the senior preferred creditors of the Issuer and any other creditors that are senior to the Notes. In the event of incomplete payment of senior preferred creditors and other creditors ranking ahead of the claims of the holders of Senior Non Preferred Notes, the obligations of the Issuer in connection with the principal of the Senior Non Preferred Notes will be terminated.
Recognition of Bail-in and Loss Absorption
(a) By its acquisition of the Debt Instruments, each Holder (which, for the purposes of this Condition 4.4, includes any current or future holder of a beneficial interest in the Debt Instruments) acknowledges, accepts, consents and agrees:
(i) to be bound by the effect of the exercise of the Bail-in or Loss Absorption Power by the Relevant Resolution Authority which may include and result in any of the following, or some combination thereof:
(A) the reduction of all, or a portion, of the Amounts Due;
(B) the conversion of all, or a portion, of the Amounts Due into shares, other securities or other obligations of the Issuer or another person (and the issue to the Holder of such shares, securities or obligations), including by means of an amendment, modification or variation of these Conditions, in which case the Holder agrees to accept in lieu of its rights under the Debt Instruments any such shares, other securities or other obligations of the Issuer or another person;
(C) the cancellation of the Debt Instruments; and/or
(D) the amendment or alteration of the maturity of the Debt Instruments or amendment of the amount of interest payable on the Debt Instruments, or the date on which the interest becomes payable, including by suspending payment for a temporary period;
(ii) that these Conditions are subject to, and may be varied, if necessary, to give effect to, the exercise of the Bail-in or Loss Absorption Power by the Relevant Resolution Authority.
Amounts Due are the amounts payable on redemption of a Debt Instrument, and any accrued and unpaid interest on a Debt Instruments that has not been previously cancelled or otherwise is no longer due;
Issuer Call
The Issuer may (at its option but subject to preliminary approval of the Regulator) redeem the Notes, on the Optional Redemption Date (Call) in whole at par together with accrued interest
Call Date: 23 May 2031
Additional Note
Upon the occurrence of a MREL/TLAC Disqualification Event the Issuer may, at any time, subject to Condition 5(u) (Conditions to redemption prior to the Maturity Date of Senior Preferred Notes), at any time, subject to having given no less than seven (7) nor more than forty five (45) calendar days' notice to the Noteholders in accordance with Condition 12 (Notices) (which notice shall be irrevocable), redeem all but not some only of the Notes then outstanding, at the Early Redemption Amount on the date specified in the notice of redemption, together, if applicable, with interest accrued to (but excluding) the date fixed for redemption.
"MREL/TLAC Disqualification Event" means the determination by the Issuer, that as a result of a change in French and/or EU laws or regulations becoming effective on or after the Issue Date of the Notes, which change was not reasonably foreseeable by the Issuer as at the Issue Date of the first Tranche of the Series, it is likely that all or part of the aggregate outstanding nominal amount of such Series of Notes will be excluded from the eligible liabilities available to meet the MREL/TLAC Requirements (however called or defined by then applicable regulations) if the Issuer is then subject to such requirements, provided that a MREL/TLAC Disqualification Event shall not occur where such Series of Notes is excluded on the basis (1) that the remaining maturity of such Notes is less than any period prescribed by any applicable eligibility criteria under the MREL/TLAC Requirements, or (2) of any applicable limits on the amount of eligible liabilities permitted or allowed to meet the MREL/TLAC Requirements
Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Bond Calculator
Yield Calculation
Investment Amount
Nominal Value-
Principal Amount-
Accrued Interest-
Total Payable-
Cash Flow Information