The Luxembourg issuance vehicle of BNP Paribas Fortis has reported a sharp decline in volumes in the first half year of 2020.
BNP Paribas Fortis Funding (BP2F), the Luxembourg issuance vehicle owned by BNP Paribas Fortis (BNPPF), issued 13 securities worth €66.3m during the first semester of 2020, a decrease of almost 60% by sales volume from the €153.5m raised from 20 securities sold during the prior year period, according to the company’s latest audited interim accounts. The figure, which includes sales to retail investors in Belgium and Luxembourg, can be split into fixed interest rate notes (€