Bpce SA (BPCEGP) 2023-6

CCYSZE(M)TNRMTYRNKMOSPFITYPEBNCHIPTGDNCSPRDCPNNICPRICE
EUR1,000.0007Mar-30SeniorBaa1BBB+A+VariableSwapsMS+175-180MS+160-1651604.63%2899.45200
Tranche Comments
7 yr: Book size: 2300; Redemption: 2029-03-02; Registration: Reg S Only; Comments: EUR1bn 7NC6 fxd-FRN SNP bmk RegS. Baa1/BBB+/A+. Natx(B&D/DM). IPTs MS+175/+180 area, guidance MS+160/+165 WPIR for max 1bn, launch 1bn at MS+160. Final books 2.3bn at reoffer. DBR 0.25% 02/29 (87.55%), HR 100%, B+ 221.3. FRN 3mE+initial credit spread. FTT: 2:15pm. Tax Call: Yes. Reset Date: 2029-03-02. Regulatory Call: Yes on occurrence of MREL/TLAC Disqualification Event. LEI: 9695005MSX1OYEMGDF46;
Deal Comments
Non-Preferred Bond