$1.5 billion CRD IV Additional Tier 1 Offering by BNP Paribas

August 19, 2015

Cleary Gottlieb acted as deal counsel in BNP Paribas’ $1.5 billion Rule 144A/Regulation S offering of Perpetual Fixed Rate Resettable Additional Tier 1 Notes that will qualify as Additional Tier 1 capital under European CRD IV capital regulations. The Managers on the offering were BNP Paribas Securities Corp., Commerzbank, Credit Suisse, HSBC, Standard Chartered, TD Securities, UBS Investment Bank, UniCredit Bank, BB Securities, Bradesco BBI, CIBC, Scotiabank and Swedbank AB. The transaction priced on August 12, 2015 and closed on August 19, 2015.