BPCE successfully placed a €500 million, five-year, senior secured bond issue geared to refinancing renewable energy assets on November 23, 2019. The placement proceeded in excellent market conditions with demand comfortably outstripping supply and the issue attracting close to 100 investors. This success illustrates investors’ confidence in BPCE’s signature and the market’s growing appetite for green bonds.
Groupe BPCE operates a universal cooperative banking model represented by 9 million cooperative shareholders and is the second-largest banking group in France. Through its 105,000 staff, the group serves over 30 million clients - individuals, professionals, companies, investors and local government bodies – around the world. It operates in the retail banking and insurance fields in France via its two large networks, Banque Populaire and Caisse d’Epargne, along with Banque Palatine. With Natixis, it also runs global asset management, corporate & investment banking and payments business lines. The group leverages these extensive capabilities to offer a comprehensive and diversified array of deposits & savings, cash management, financing, insurance and investment solutions. Groupe BPCE is recognized for its financial solidity by four major financial rating agencies: Moody’s (A1, stable outlook), Standard &Poor’s (A+, stable outlook), Fitch (A+, stable outlook) and R&I (A, positive outlook).
Press Relations, Natixis
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