Cleary Gottlieb wins headline role on €4.3bn BNP Paribas rights offering
Cleary Gottlieb Steen & Hamilton has won a mandate as deal counsel to BNP Paribas on its €4.3bn (£3.9bn) rights offering launched today (29 September). The Wall Street firm's Paris office fielded a team led by capital markets partners Pierre-Yves Chabert and John Brinitzer.
September 29, 2009 at 10:23 AM
2 minute read
Cleary Gottlieb Steen & Hamilton has won a mandate as deal counsel to BNP Paribas on its €4.3bn (£3.9bn) rights offering launched today (29 September).
The Wall Street firm's Paris office fielded a team led by capital markets partners Pierre-Yves Chabert and John Brinitzer.
The proceeds of the capital raising will be used to pay back a €5.1bn (£4.7bn) recapitalisation the bank received from the French State during the financial crisis. In addition, the bank will also pay €226m (£206m) worth of interest on the money borrowed.
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