Obligation BNP Paribas SA 3.75% ( FR0010859967 ) en EUR

BNP Paribas SA

100 % ⇌

France

FR0010859967 ( en EUR )

3.75% par an ( paiement annuel )

26/02/2020 - Obligation échue

Prospectus brochure de l'obligation BNP Paribas FR0010859967 en EUR 3.75%, échue

1 000 EUR

1 000 000 000 EUR

BNP Paribas est une banque internationale française, l'une des plus grandes d'Europe, offrant une large gamme de services financiers aux particuliers, entreprises et institutions.

L'obligation française émise par BNP Paribas (FR0010859967), d'une valeur nominale totale de 1 000 000 000 EUR, avec un taux d'intérêt de 3,75%, une taille minimale d'achat de 1 000 EUR et une maturité initialement fixée au 26/02/2020, a été remboursée à son échéance à 100% de sa valeur nominale.

Final Terms dated 24 February 2010
BNP PARIBAS PUBLIC SECTOR SCF
(Issuer)
Issue of 1,000,000,000 3.750 per cent. Obligations Foncières due 2020
under the 15,000,000,000 Euro Medium Term Note Programme
Issue Price: 99.207 per cent.
BARCLAYS CAPITAL
BNP PARIBAS
LANDESBANK BADEN-WÜRTTEMBERG
UBS INVESTMENT BANK
(Joint Lead Managers)
BAYERNLB
(Senior Co-Lead Manager)
BANCA IMI
COMMERZBANK
ING COMMERCIAL BANKING
LLOYDS TSB CORPORATE MARKETS
NATIXIS
UNICREDIT BANK
(Co-Lead Managers and together with the Senior Co-Lead Manager and the Joint Lead Managers, the
Managers)

The Base Prospectus referred to below (as completed by these Final Terms) has been prepared on the basis
that any offer of Notes in any Member State of the European Economic Area which has implemented the
Prospectus Directive (each, a Relevant Member State) will be made pursuant to an exemption under the
Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a
prospectus for offers of the Notes. Accordingly any person making or intending to make an offer in that
Relevant Member State of Notes may only do so in circumstances in which no obligation arises for the Issuer
or any Dealer to publish a prospectus pursuant to article 3 of the Prospectus Directive or supplement a
prospectus pursuant to article 16 of the Prospectus Directive, in each case, in relation to such offer. Neither
the Issuer nor any Manager has authorised, nor do they authorise, the making of any offer of Notes in any
other circumstances.
PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the
Base Prospectus dated 9 March 2009 and the supplement to the Base Prospectus dated 8 January 2010
(together, the Base Prospectus) which together constitute a base prospectus for the purposes of Directive
2003/71/EC of 4 November 2003 on the prospectus to be published when securities are offered to the public
or admitted to trading (the Prospectus Directive).
This document constitutes the Final Terms of the Notes described herein for the purposes of article 5.4 of the
Prospectus Directive and must be read in conjunction with such Base Prospectus as supplemented. Full
information on the Issuer and the offer of the Notes is only available on the basis of the combination of these
Final Terms and the Base Prospectus as supplemented. The Base Prospectus and the supplement to the Base
Prospectus are available for viewing on the website of the Luxembourg Stock Exchange (www.bourse.lu)
during a period of 12 months from the date of the Base Prospectus and during normal business hours at the
registered office of the Issuer and at the specified office of the Paying Agent(s) where copies may be
obtained.
1.
Issuer:
BNP Paribas Public Sector SCF
2.
(i)
Series Number:
2
(ii)
Tranche Number:
1
3.
Specified Currency or Currencies:
Euro or
4.
Aggregate Nominal Amount of Notes:
(i)
Series:
1,000,000,000
(ii)
Tranche:
1,000,000,000
5.
Issue Price:
99.207 per cent. of the Aggregate Nominal
Amount
6.
Specified Denomination(s):
1,000
7.
(i)
Issue Date:
26 February 2010
(ii)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
26 February 2020
9.
Interest Basis/Rate of Interest:
3.750 per cent. Fixed Rate
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(further particulars specified below)
10.
Redemption/Payment Basis:
Redemption at par
11.
Change of Interest or Redemption/Payment
Not Applicable
Basis:
12.
Put/Call Option:
Not Applicable
13.
(i)
Status of the Notes:
Obligations Foncières
(ii)
Date of corporate authorisations for Decision of Mrs Valérie Brunerie, deputy chief
issuance of Notes obtained:
executive officer (Directeur général délégué) of
the Issuer dated 18 February 2010, pursuant to the
authorisation of the board of directors (Conseil
d'administration)
of the Issuer
dated
21 September 2009
14.
Method of distribution:
Syndicated
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15.
Fixed Rate Notes Provisions:
Applicable
(i)
Rate(s) of Interest:
3.750 per cent. per annum payable annually in
arrear
(ii)
Interest Payment Date(s):
26 February in each year from and including
26 February 2011 to and including
26 February 2020, not adjusted
(iii)
Fixed Coupon Amount(s):
37.50 per 1,000 in Specified Denomination
(iv)
Broken Amount(s):
Not Applicable
(v)
Day Count Fraction:
Actual/Actual (ICMA)
(vi)
Determination Dates:
26 February in each year
(vii)
Other terms relating to the method of Not Applicable
calculating interest for Fixed Rate
Notes:
16.
Floating Rate Notes Provisions:
Not Applicable
17.
Zero Coupon Notes Provisions:
Not Applicable
18.
Index-Linked Interest Notes/other variable-
Not Applicable
linked interest Notes Provisions:
19.
Dual Currency Notes Provisions:
Not Applicable
PROVISIONS RELATING TO REDEMPTION
20.
Call Option:
Not Applicable
21.
Put Option:
Not Applicable
0010155-0001591 PA:5415157.6
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22.
Other Option:
Not Applicable
23.
Final Redemption Amount of each Note:
1,000
per Note of
1,000
Specified
Denomination
24.
Early Redemption Amount:
Early Redemption Amount(s) of each Note
payable on early redemption and/or the
method of calculating the same and/or any
other terms (if required or if different from that
set out in the Conditions):
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
25.
Form of Notes:
Dematerialised Notes
(i)
Form of Dematerialised Notes:
Bearer Dematerialised Form (au porteur)
(ii)
Registration Agent:
Not Applicable
(iii)
Temporary Global Certificate:
Not Applicable
26.
Financial Centre(s) or other special provisions Not Applicable
relating to payment dates for the purposes of
Condition 8(g):
Adjusted Payment Date (Condition 8 (g)):
Not Applicable
27.
Talons for future Coupons or Receipts to be
attached to Definitive Materialised Notes (and
dates on which such Talons mature):
Not Applicable
28.
Details relating to Partly Paid Notes: amount
of each payment comprising the Issue Price
and date on which each payment is to be made
and consequences (if any) of failure to pay,
including any right of the Issuer to forfeit the
Notes and interest due on late payment:
Not Applicable
29.
Details relating to Instalment Notes: amount
of each instalment, date on which each
payment is to be made:
Not Applicable
30.
Redenomination,
renominalisation and
Not Applicable
reconventioning provisions:
31.
Consolidation provisions:
Not Applicable
32.
Masse (Condition 11):
Applicable
Representative:
0010155-0001591 PA:5415157.6
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BNP Paribas Securities Services
Global Corporate Trust
Immeuble Tolbiac
25, quai Panhard et Levassor
750013 Paris
represented by Mr. Pascal Pommier, Head of
Global Corporate Trust department of BNP Paribas
Securities Services
Alternative Representative:
Mr. Jean-Pierre Pasquier, domiciled 25 avenue de
Verdun, 94000 Créteil, France
33.
Other final terms:
Not Applicable
DISTRIBUTION
34.
(i)
If syndicated, names and addresses of Joint Lead Managers:
Managers and underwriting
commitments:
Barclays Bank PLC, 5 The North Colonnade,
Canary Wharf, London E14 4BB, United Kingdom
Underwriting commitment: 237,500,000
BNP Paribas, 10 Harewood Avenue, London NW1
6AA, United Kingdom

Underwriting
commitment: 237,500,000
Landesbank Baden-Württemberg,
Am Hauptbahnhof 2, 70173 Stuttgart, Germany
Underwriting commitment: 237,500,000
UBS Limited, 1 Finsbury Avenue, London EC2M
2PP, United Kingdom

Underwriting
commitment: 237,500,000
Senior Co-lead Manager:
Bayerische Landesbank, Brienner Straße 18, 80333
Munich, Germany Underwriting commitment:
20,000,000
Co-Lead Managers:
Banca IMI S.p.A, Piazzetta Giordano dell'Amore,
3, 20121, Milan, Italy

Underwriting
commitment: 5,000,000
Commerzbank Aktiengesellschaft, Kaiserstrasse 16
(Kaiserplatz),
603110 Frankfurt am Main,
Germany Underwriting commitment: 5,000,000
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ING Belgium SA/N.V., Avenue Marnix 24, 1000
Brussels, Belgium Underwriting commitment:
5,000,000
Lloyds TSB Bank plc, 10 Gresham Street, London
EC2V 7AE, United Kingdom Underwriting
commitment: 5,000,000
Natixis, 30, avenue Pierre Mendès France, 75013
Paris, France

Underwriting commitment:
5,000,000
Unicredit Bank AG, Arabellastrasse, 12, 81925
Munich Underwriting commitment: 5,000,000
(ii)
Date of Subscription Agreement:
24 February 2010
(iii)
Stabilising Manager(s) (if any):
BNP Paribas
35.
If non-syndicated, name of Dealer:
Not Applicable
36.
Total commission and concession:
0.325 per cent. of the Aggregate Nominal Amount
37.
U.S. selling restrictions:
The Issuer is Category 1 for the purposes of
Regulation S under the United States Securities
Act of 1933, as amended.
TEFRA not Applicable
38.
Non-exempt Offer:
Not Applicable
39.
Additional selling restrictions:
Not Applicable
40.
Conditions of Offer:
Not Applicable
GENERAL
The aggregate principal amount of Notes issued has Not Applicable
been translated into Euro at the rate of [
] per cent.
producing a sum of:
PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required for issue and admission to trading on Euronext Paris
S.A. of the Notes described herein pursuant to the 15,000,000,000 Euro Medium Term Note Programme of
BNP Paribas Public Sector SCF.
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RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of BNP Paribas Public Sector SCF:
By:
.................................................
Duly authorised
0010155-0001591 PA:5415157.6
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PART B OTHER INFORMATION
1.
RISK FACTORS
There are no other risk factors than those set out in the Base Prospectus.
2.
LISTING AND ADMISSION TO TRADING
(i)
Listing(s):
Euronext Paris S.A.
(ii)
(a)
Admission to trading:
Application has been made by the Issuer (or on its
behalf) for the Notes to be admitted to trading on
Euronext Paris S.A. with effect from the Issue Date.
(b)
Regulated Markets or
equivalent markets on
which, to the knowledge
of the Issuer, securities of
the same class of the Notes
to be admitted to trading
are already admitted to
trading:
None
(iii)
Estimate of total expenses related
to admission to trading:
15,000
(iv)
Additional publication of Base
Prospectus and Final Terms:
Not Applicable
3.
RATINGS
Ratings:
The Notes to be issued have been rated:
S & P: AAA
Moody's: Aaa
Fitch: AAA
4.
NOTIFICATION
The Commission de Surveillance du Secteur Financier, which is the Luxembourg competent
authority for the purpose of the Prospectus Directive has provided the competent authorities of
Austria, Belgium, France, Germany, Ireland, the Netherlands and the United Kingdom with a
certificate of approval attesting that the Base Prospectus, as supplemented, has been drawn up in
accordance with the Prospectus Directive.
5.
SPECIFIC CONTROLLER
The specific controller (contrôleur spécifique) of the Issuer has certified that the value of the assets
of the Issuer will be greater than the value of its liabilities benefiting from the privilège defined in
article L.515-19 of the Monetary and Financial Code, after settlement of this issue and of the issues
which have been the subject of previous attestations.
6.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the
offer of the Notes has an interest material to the offer.
7.
REASONS FOR THE OFFER, ESTIMATED NET PROCEEDS AND TOTAL EXPENSES
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(i)
Reasons for the offer:
See "Use of Proceeds" wording in Base Prospectus
(ii)
Estimated net proceeds:
988,820,000
(iii)
Estimated total expenses:
15,000 (listing expenses)
8.
Fixed Rate Notes only YIELD
Indication of yield:
3.487 per cent.
The yield is calculated at the Issue Date on the basis
of the Issue Price. It is not an indication of future
yield.
9.
OPERATIONAL INFORMATION
ISIN Code:
FR0010859967
Common Code:
049000847
Depositaries:
(i)
Euroclear France to act as Central
Depositary
Yes
(ii)
Common Depositary for Euroclear
Bank and Clearstream Banking,
société anonyme
No
Any clearing system(s) other than Euroclear
Bank S.A./N.V. and Clearstream Banking,
société anonyme and the relevant
identification number(s):
Not Applicable
Delivery:
Delivery against payment
Names and addresses of the Calculation
Agent:
Not Applicable
Names and addresses of initial Paying BNP Paribas Securities Services
Agent(s):
3 rue d'Antin, 75002 Paris
Names and addresses of additional Paying
Agent(s) (if any):
Not Applicable
0010155-0001591 PA:5415157.6
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ANNEX 1
BNP Paribas
Public Sector SCF
Société anonyme à Conseil d'Administration
au capital de 24 000 000 uros
1 boulevard Haussmann
75009 PARIS
Siren : 433 932 811 RCS PARIS
ATTESTATION DU CONTROLEUR SPECIFIQUE
RELATIVE À UNE ÉMISSION OBLIGATAIRE D'UN MONTANT DE
1 000 000 000 D'EUROS EN DATE DE RÈGLEMENT DU 26 FEVRIER 2010
EN APPLICATION DE L'ARTICLE L.515-30 ET R.515-13-IV
DU CODE MONETAIRE ET FINANCIER
Mesdames et Messieurs les membres du conseil d'administration,
En notre qualité de contrôleur spécifique de votre société et en exécution des dispositions prévues par
l'article L.515-30 et R.515-13-IV du Code monétaire et financier, nous vous présentons notre attestation
portant sur le respect de la règle prévue à l'article L.515-20 du Code monétaire et financier dans le cadre de
toute émission d'obligations foncières d'une valeur unitaire au moins égale à 500 millions d'euros.
Par décision en date du 22 décembre 2009, le directeur général délégué de BNP Paribas Public Sector SCF a
fixé le plafond maximal du programme d'émissions de ressources bénéficiant du privilège institué par
l'article L.515-19 du Code monétaire et financier à 2 milliards d'euros, pour la période allant du 1er janvier
au 31 mars 2010.
Dans le cadre de ce programme trimestriel d'émissions et en vertu des pouvoirs qui lui ont été conférés le
21 septembre 2009 par une délibération du Conseil d'Administration, le Directeur Général Délégué de BNP
Paribas Public Sector SCF a décidé le 18 février 2010 de procéder à une émission de ressources bénéficiant
du privilège institué par l'article L.515-19 du Code monétaire et financier, pour un montant de 1 milliard
d'euros.
L'article L.515-20 du Code monétaire et financier précise que le montant total des éléments d'actif des
sociétés de crédit foncier doit être supérieur au montant des éléments de passif bénéficiant du privilège
mentionné à l'article L.515-19 de ce Code. Il nous appartient d'attester du respect de cette règle au titre de la
présente opération.
Le respect de cette règle, après prise en compte de l'émission visée ci-dessus, a été vérifié sur la base
d'informations financières estimées, au titre de la période courue, et prévisionnelles, au titre de la période à
venir, établies sous la responsabilité de votre conseil d'administration. Les informations financières
prévisionnelles ont été établies à partir des hypothèses traduisant la situation future que vous avez estimée la
plus probable à la date de leur établissement.
Nous avons effectué nos travaux selon les diligences estimées nécessaires au regard de la doctrine
professionnelle de la Compagnie nationale des commissaires aux comptes relatives à la mission du
Contrôleur spécifique dans les sociétés de crédit foncier. Cette doctrine professionnelle requiert la mise en
oeuvre de diligences destinées à vérifier, sur la base des informations financières établies et du programme
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