Europe’s best investment bank for financing 2025: BNP Paribas

BNP Paribas cemented its lead in European loan markets with a run of headline financings that showcased both balance sheet firepower and advisory depth.  

The roughly €5.8 billion ($6.8 billion) underwritten package for XP Fibre was one notable example: acting as sole debt adviser, lead underwriter and bookrunner, the bank delivered the continent’s largest digital infrastructure loan and, by stitching a global private placement take-out behind it, set an example of how brownfield fibre assets can be capitalised. 

Nicolas Rabier

For British utility Octopus Energy, it supported a debut syndicated revolving credit and term-loan mix with maturities moved beyond the standard three- and five-year grid, persuading a broad club of lenders to back the borrower’s journey.

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