Financial and Banking News


BAII Issues FFr Bonds 

The Paris-based BAII on March 15 issued FFr200mn ($21mn) of floating rate notes (FRNs), arranged by Morgan et Cie., and fully subscribed by Banque Nationale de Paris (BNP), Banque Indosuez and Banque Worms, as well as by Morgan and BAII. The eight-year FRNs are set at a margin over FFr money market rates (TAM), and are to supplement BAII's capital resources.