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BPCE issues $2B of bonds

Groupe BPCE unit BPCE SA placed three series of international bonds totaling $2 billion, Cbonds reported Sept. 7.

The French lender issued $750 million of bonds maturing Sept. 12, 2028, with a coupon of 4.625%. The notes were sold at an initial issue price of 99.415%, with a yield at pricing of 4.699%.

The bank also issued $750 million of bonds carrying a coupon of 4%. The notes, which mature Sept. 12, 2023, were sold at an initial issue price of 99.365%, with a yield at pricing of 4.142%.

The third series, worth $500 million, will mature Sept. 12, 2023, and was sold at an initial issue price of 100%. The floating-rate notes carry a coupon of three-month U.S. dollar London Interbank Offered Rate plus 1.24%.

Goldman Sachs, JP Morgan, Mizuho Financial Group, Natixis and Wells Fargo served as book runners on the transactions.