BNP AM begins ‘natural next step’ with €2bn infra debt Korean partnership

The expansion into junior debt by the French group could lead to the launch of a dedicated fund in the near future.

BNP Paribas AM has made its first move into infrastructure junior debt following a partnership with Korea Investment & Securities worth up to €2 billion.

The move will see BNP source and execute transactions on behalf of KIS over the next two to three years, focusing on junior debt transactions in Western Europe.

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