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BNP Paribas places full capital stack, with broadly syndicated investment grade tranches
There is no crock of equity gold at the end of the rainbow
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US firm strengthens London office’s sustainability and financing expertise
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Rare feature will allow manager to avoid negative 'cash drag' for equity
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Manager boosts 2022 loan opportunities fund by 20% to €500m
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Strong reputation helps the manager place the AAAs at 148bp, investors said
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More competition for paper and return of equity buyers will stop senior debt buyers getting their way so easily
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Demand has so far supported high activity but ‘at some point the arbitrage runs away’, says banker
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