BNP Paribas may be more commonly known as a fixed-income house, but three deals in a single day this week highlight the growing importance of the equities business for the French bank.
The bank acted as bookrunner on three deals in each of its core regions: in Asia, a $277 million block trade for the insurer Samsung Life; in Europe, a €311 million block for French telecommunications firm Iliad; and in the US, a $350 million convertible bond for media firm Liberty Interactive.