BNPP IP Euro CLO 2015-1 exploring options for possible note redemption

By Tali Rackner

Norfolk, Va., March 3 – BNPP IP Euro CLO 2015-1 BV is exploring an optional redemption of eight classes of notes due 2028 and some subordinated notes, according to a notice.

The following are affected:

• €176,236,000 of class A-1 senior secured floating-rate notes;

• €5,264,000 of class A-2 senior secured fixed-rate notes;

• €20,868,000 of class B-1 senior secured floating-rate notes;

• €12,632,000 of class B-2 senior secured fixed-rate notes;

• €17.5 million of class C senior secured deferrable floating-rate notes;

• €15 million of class D senior secured deferrable floating-rate notes;

• €21 million of class E senior secured deferrable floating-rate notes;

• €8 million of class F senior secured deferrable floating-rate notes; and

• €32 million of subordinated notes.

BNP Paribas Asset Management is a Paris-based subsidiary of BNP Paribas Investment Partners.

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