The bank for a changing world

This EMTN program creates the legal framework that will govern securities financing transactions prior to the issuance of the securities by the regional authority.

It has the advantages of reducing the fixed costs of issues and increasing the flexibility and speed of financing transactions.
BNP Paribas and Merrill Lynch co-arranged the AAA/Aaa-rated EUR 1 billion program with maturities ranging up to 30 years.

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