BNP PARIBAS ANNOUNCES ITS INTENTION TO DECLASSIFY AS OWN FUNDS CERTAIN SUBORDINATED INSTRUMENTS
21 Dicembre 2023 - 6:00PM
BNP PARIBAS ANNOUNCES ITS INTENTION TO DECLASSIFY AS OWN FUNDS
CERTAIN SUBORDINATED INSTRUMENTS
Paris, 21 December 2023
BNP Paribas announces its intention to
declassify as own funds certain subordinated
instruments
BNP Paribas (the “Issuer”)
announces today that it will no longer include the following
subordinated instruments (the “Instruments”) in
its Tier 2 regulatory capital and as such will no longer consider
them in the computation of its regulatory ratios as of 31 December
2023:
Participating Notes
(“Titres
Participatifs”):-
EUR27 million issued on 30
July 1984
(ISIN: FR0000047664)*-
EUR192 million issued on 30 July 1984
(ISIN: FR0000140063)*- EUR4.4
million issued on 28 January 1985
(ISIN: FR0000047839)*- EUR2
million issued on 20 May 1985 (ISIN:
FR0000047797)*
Undated Subordinated Floating Rate
Notes:- EUR254 million issued on 7 October 1985
(ISIN: FR0000572646)*- USD274 million issued
on 22 September 1986 (ISIN: FR0008131403)*
As of 30 June 2023, the amount of the
Instruments recognized in the Tier 2 regulatory capital of the
Issuer was approximately EUR726 million.
In view of the above, the Issuer announces its
intention to call the USD274 million Undated Subordinated Floating
Rate Notes issued on 22 September 1986 (ISIN: FR0008131403)* on the
next call date, subject to the prior permission of the ECB.
DISCLAIMER
This press release does not constitute
an offer to purchase, or the solicitation of an offer to sell, the
Instruments in the United States, Canada, Australia, or Japan or in
any other jurisdiction, including France. The distribution of this
press release in certain jurisdictions may be restricted by law.
Persons into whose possession this press release comes are required
to inform themselves and observe any such restrictions. No
communication may be distributed to the public in any jurisdiction
in which registration or approval is required. No action has been
or will be taken in any jurisdiction where such action would be
required; BNP Paribas disclaims any liability for any violation by
any person of such restrictions.
* The ISIN number is included solely for
the convenience of the holders of the Instruments. No warranty is
given as to the accuracy or correctness of the ISIN number as
contained herein and a holder may rely only on the identification
numbers, if any, printed on its own Instrument.
Contacts
Didier Leblanc – Investor Relations Officer –
didier.m.leblanc@bnpparibas.com / +33 1 42 98 43 13 Olivier Parenty
–Investor Relations Officer – olivier.parenty@bnpparibas.com / +33
1 55 77 55 29
About BNP ParibasBNP Paribas is
the European Union’s leading bank and key player in international
banking. It operates in 65 countries and has nearly 185,000
employees, including more than 145,000 in Europe. The Group has key
positions in its three main fields of activity: Commercial,
Personal Banking & Services for the Group’s commercial &
personal banking and several specialised businesses including BNP
Paribas Personal Finance and Arval; Investment & Protection
Services for savings, investment and protection solutions; and
Corporate & Institutional Banking, focused on corporate and
institutional clients. Based on its strong diversified and
integrated model, the Group helps all its clients (individuals,
community associations, entrepreneurs, SMEs, corporate and
institutional clients) to realise their projects through solutions
spanning financing, investment, savings and protection insurance.
In Europe, BNP Paribas has four domestic markets: Belgium, France,
Italy and Luxembourg. The Group is rolling out its integrated
commercial & personal banking model across several
Mediterranean countries, Turkey, and Eastern Europe. As a key
player in international banking, the Group has leading platforms
and business lines in Europe, a strong presence in the Americas as
well as a solid and fast-growing business in Asia-Pacific. BNP
Paribas has implemented a Corporate Social Responsibility approach
in all its activities, enabling it to contribute to the
construction of a sustainable future, while ensuring the Group's
performance and stability.
- BNP PARIBAS ANNOUNCES ITS INTENTION TO DECLASSIFY AS OWN FUNDS
CERTAIN SUBORDINATED INSTRUMENTS
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