Obligation BNP Paribas SA 3.75% ( FR0010887133 ) en EUR

BNP Paribas SA

100 % ▲

France

FR0010887133 ( en EUR )

3.75% par an ( paiement annuel )

20/04/2020 - Obligation échue

Prospectus brochure de l'obligation BNP Paribas FR0010887133 en EUR 3.75%, échue

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 émise par BNP Paribas SA ( France ) , en EUR, avec le code ISIN FR0010887133, paye un coupon de 3.75% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 20/04/2020

Final Terms dated 19 April 2010

BNP PARIBAS HOME LOAN COVERED BONDS

Issue of EUR 1,000,000,000 3.750 per cent. Covered Bonds due 20 April 2020
under the 25,000,000,000
Covered Bond Programme

Issue Price: 99.975 per cent.

Joint Lead Managers:

Banca IMI S.p.A
Bayerische Landesbank
BNP Paribas
Commerzbank Aktiengesellschaft

Co-Lead Managers:
Danske Bank A/S
Dexia Capital Markets
Landesbank Baden-Württemberg
The Royal Bank of Scotland plc

2.

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 16 July 2009 and the supplement to the Base Prospectus dated 1 March 2010 which together
constitute a base prospectus for the purposes of the Directive 2003/71/EC of the European Parliament and of the
Council of 4 November 2003 (the "Prospectus Directive").
This document constitutes the Final Terms of the Covered Bonds described herein for the purposes of article 5.4
of the Prospectus Directive and must be read in conjunction with such Base Prospectus as so supplemented. Full
information on the Issuer and the offer of the Covered Bonds is only available on the basis of the combination of
these Final Terms and the Base Prospectus as so 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 twelve (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 Agents where copies may be obtained.

1.
Issuer:
BNP Paribas Home Loan Covered Bonds

2.
(i)
Series Number:
21

(ii)
Tranche Number:
1

3.
Specified Currency:
Euro (EUR)

4.
Aggregate Nominal Amount of

Covered Bonds:

(i)
Series:
EUR 1,000,000,000

(ii)
Tranche:
EUR 1,000,000,000

5.
Issue Price:
99.975 per cent. of the Aggregate Nominal Amount

6.
Specified Denomination:
EUR 50,000

7.
(i)
Issue Date:
20 April 2010

(ii)
Interest Commencement

Date:
Issue Date

8.
Final Maturity Date:
20 April 2020

9.
Interest Basis:
3.750 per cent. Fixed Rate per annum

10. Redemption/Payment Basis:
Redemption at par

11.
Change of Interest or

Redemption/Payment Basis:
Not Applicable

12. Put/Call Options:
Not Applicable

13. (i)
Status of the Covered

Bonds:
Senior
(ii)
Date of decision

d'emprunt for issuance

of Covered Bonds

obtained:
Authorisation of the executive board (directoire) of the

Issuer dated 11 May 2009

3.

14. Method of distribution:
Syndicated

PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
15. Fixed Rate Covered Bond

Provisions:
Applicable

(i)
Rate of Interest:
3.750 per cent. per annum payable annually in arrear

(ii)
Interest Payment Dates:
20 April in each year commencing on 20 April 2011 (subject
to the Following Business Day Convention - unadjusted)

(iii)
Fixed Coupon Amount:
EUR 1,875 per EUR 50,000 in Specified Denomination

(iv)
Broken Amount:
Not Applicable

(v)
Day Count Fraction:
Actual/Actual ICMA - unadjusted

(vi)
Determination Dates:
20 April in each year

(vii)
Other terms relating to the

method of calculating

interest for Fixed Rate

Covered Bonds:
Not Applicable

16. Floating Rate Covered Bond

Provisions:
Not Applicable

17. Zero Coupon Covered Bond

Provisions:
Not Applicable

18. Index-Linked Interest Covered
Bond/other
variable-linked
interest Covered Bond

Provisions:
Not Applicable

19. Dual Currency Covered Bond

Provision:
Not Applicable

PROVISIONS RELATING TO REDEMPTION
20.
Call Option:
Not Applicable
21.
Put Option:
Not Applicable
22.
Final Redemption Amount of

each Covered Bond:
Specified Denomination

23.
Early Redemption Amount:

Early Redemption Amount(s) of
each Covered Bond payable on
redemption for taxation reasons
or on event of default or other
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 Condition 7):
As set out in Condition 7

4.

GENERAL PROVISIONS APPLICABLE TO THE COVERED BONDS

24.
Form of Covered Bonds:
Dematerialised Covered Bonds

(i) Form of Dematerialised Covered Bonds:
Bearer form (au porteur)

(ii) Registration Agent:
Not Applicable

(iii) Temporary Global Certificate:
Not Applicable

25.
Financial Centre or other special provisions
relating to payment dates for the purposes of
Condition 8(g):
TARGET

26.
Talons for future Coupons or Receipts to be

attached to Definitive Materialised Covered Bonds

(and dates on which such Talons mature):
Not Applicable

27.
Details relating to Partly Paid Covered Bonds:
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
Covered Bonds and interest due on late payment:

Not Applicable
28.
Details relating to Instalment Covered Bonds
amount of each instalment, date on which each
payment is to be made:
Not Applicable

29.
Redenomination, renominalisation and

reconventioning provisions:
Not Applicable
30.
Consolidation provisions:
Not Applicable
31.
Other final terms:
Not Applicable

DISTRIBUTION
32.
(i) If syndicated, names of Managers:
Joint Lead Managers:
Banca IMI S.p.A
Bayerische Landesbank
BNP Paribas
Commerzbank Aktiengesellschaft

Co-Lead Managers:
Danske Bank A/S
Dexia Capital Markets
Landesbank Baden-Württemberg
The Royal Bank of Scotland plc

(ii) Date of subscription agreement:
19 April 2010

(iii) Stabilising Manager (if any):
Not Applicable
33.
If non-syndicated, name of Dealer:
Not Applicable

34.
Additional selling restrictions:
Not Applicable
35.
U.S. selling restrictions:
Reg. S Compliance Category 1;
TEFRA Not Applicable

5.

GENERAL

The aggregate principal amount of Covered Bonds

issued has been translated into Euro at the rate of [
]

per cent. producing a sum of:
Not Applicable

PURPOSE OF FINAL TERMS
These Final Terms comprise the final terms required to list and have admitted to trading on the regulated market
of the Luxembourg Stock Exchange the issue of the Covered Bonds described herein pursuant to the
Euro 25,000,000,000 Covered Bond Programme of BNP Paribas Home Loan Covered Bonds.

RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.

Signed on behalf of the Issuer:
By:
............................................
Duly authorised

6.

PART B OTHER INFORMATION

1.
RISK FACTORS
As described in the Base Prospectus

2.
LISTING AND ADMISSION TO TRADING
(i)
Listing:
The Official List of the Luxembourg Stock Exchange

(ii)
Admission to trading:
Application has been made by the Issuer (or on its behalf) for the
Covered Bonds to be admitted to trading on the Regulated
Market of the Luxembourg Stock Exchange with effect from
20 April 2010.

(iii)
Estimate of total expenses related to
admission to trading:
EUR 6,100

(iv)
Additional publication of Base

Prospectus and Final Terms:
Not Applicable

3.
RATINGS
Annex V, 6.2
Ratings:
The Covered Bonds to be issued have been rated:
S & P: AAA
Moody's: Aaa
Fitch: AAA

4.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE OFFER
BNP Paribas, Joint Lead Manager in relation to the issue, also acts, as more fully described in the Base
Prospectus, as Administrator, Borrower, Cash Collateral Provider, Arranger, Issuer Calculation Agent and Issuer
Accounts Bank.

5.
REASONS FOR THE OFFER
Reasons for the offer:
The net proceeds of the issue of Covered Bonds will be used to

fund Borrower Advances under the Borrower Credit Facility to
be made available by the Issuer to BNP Paribas

6.
OPERATIONAL INFORMATION
ISIN Code:
FR0010887133
Common Code:
050327612
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

7.

Delivery:
Delivery against payment
Names and addresses of initial Paying Agent:
BNP Paribas Securities Services
Global Corporate Trust
Immeuble Tolbiac
25, quai Panhard et Levassor
75013 Paris
France

Names and addresses of additional Paying Agent (if any):
BNP
Paribas
Securities
Services,
Luxembourg Branch
33, rue de Gasperich, Howald Hesperange
L 2085 Luxembourg
Luxembourg