BPCE: successfully issues E1bn covered bond
(CercleFinance.com) - Groupe BPCE announces that it is the first major European banking group to make a successful return to the bond market with an issue of covered bonds from its specialised issuer BPCE SFH (issue guaranteed by mortgages originated by the Banque Populaire and Caisse d'Epargne networks) in financial markets that have been disrupted by the crisis relating to the Covid-19 pandemic.
This is a five-year, one billion euro issue with a yield to investors of 0.258% per annum. The bond was led-managed by Natixis in particular.
Nicolas Namias, Deputy Chief Executive Officer and Chief Financial Officer, Member of Groupe BPCE's Management Board, said, "Groupe BPCE is fully mobilized to support the financing of the economy and allow its customers to get through this difficult period; we are delighted that the Group has been able to access the bond market, thus testifying to the quality of its signature, while also continuing to maintain the strong bond it has built with the many investors who trust the Group around the world."
Copyright (c) 2020 CercleFinance.com. All rights reserved.
This is a five-year, one billion euro issue with a yield to investors of 0.258% per annum. The bond was led-managed by Natixis in particular.
Nicolas Namias, Deputy Chief Executive Officer and Chief Financial Officer, Member of Groupe BPCE's Management Board, said, "Groupe BPCE is fully mobilized to support the financing of the economy and allow its customers to get through this difficult period; we are delighted that the Group has been able to access the bond market, thus testifying to the quality of its signature, while also continuing to maintain the strong bond it has built with the many investors who trust the Group around the world."
Copyright (c) 2020 CercleFinance.com. All rights reserved.