Bond Factsheet
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BPCEGP 6.5618% 12Jun2040 Corp (AUD)
BPCE SA
Full Lot
Bid Price 94.550
Change in Bid Price 5.550
Bid Yield (%) 7.356 %
Change in Bid Yield 0.810
Bid Volume 200,000
Ask Price 95.220
Change in Ask Price 4.880
Ask Yield (%) 7.255 %
Change in Ask Yield 0.709
Ask Volume 200,000
Price as of 02 Oct 2026, 12:00am
Odd Lot
Bid Price 94.500
Change in Bid Price 1.750
Bid Yield (%) 7.364 %
Change in Bid Yield 0.262
Bid Volume 225,000
Ask Price 95.420
Change in Ask Price 0.830
Ask Yield (%) 7.225 %
Change in Ask Yield 0.123
Ask Volume 200,000
Price as of 02 Oct 2026, 12:00am
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
BPCE SA
Guarantor
-
Announcement Date
03 Jun 2025
Issue Date
12 Jun 2025
Maturity Date
12 Jun 2040
Years to Maturity / Next Call
13.705 / 8.700
Modified Duration
8.615 @ 30 Sep 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
6.5618
Coupon Type
Variable
Annual Coupon Rate
6.5618
Coupon Frequency
Semi Annually
Seniority
Subordinated
Capital Structure
Tier 2
Reference Rate
Reset Date: 12 Jun 2035 and every quarter thereafter.
Reset Rate: 3 month BBSW Rate + Initial Margin (2.50%)
ISIN
AU3CB0322576
CUSIP
YN0518798
Bond Currency
AUD
Total Issue Size
500,000,000
Min. Investment Quantity (Nominal)
AUD 200,000
Incremental Quantity (Nominal)
AUD 10,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ A+
Bond Credit Rating (S&P/ Fitch)
***/ BBB+
Shariah Compliant
No
Exchange Listed
No
Loss Absorption
Agreement with respect to the exercise of Bail-in Power
Notwithstanding any other Condition of any Series of Notes or any other agreement, arrangement or understanding between the Issuer and the Noteholders, by its acquisition of the Notes, each Noteholder (which, for the purposes of this Condition 23, includes each holder of a beneficial interest in the Notes) acknowledges, accepts, consents and agrees:
(a) to be bound by the effect of the exercise of the Bail-in Power by the Relevant Resolution Authority, which may include and result in any of the following, or some combination thereof:
(i) the reduction of all, or a portion, of the Amounts Due on a permanent basis;
(ii) the conversion of all, or a portion, of the Amounts Due into shares, other securities or other obligations of the Issuer or another person (and the issue to the Noteholder of such shares, securities or obligations), including by means of an amendment, modification or variation of the Conditions of the Notes, in which case the Noteholder agrees to accept in lieu of its rights under the Notes any such shares, other securities or other obligations of the Issuer or another person;
(iii) the cancellation of the Notes;
(iv) the amendment or alteration of the maturity of the Notes or amendment of the amount of interest payable on the Notes, or the date on which the interest becomes payable, including by suspending payment for a temporary period; and
(b) that the Conditions of the Notes are subject to, and may be varied, if necessary, to give effect to, the exercise of the Bail-in Power by the Relevant Resolution Authority.
For these purposes, “Amounts Due” means the outstanding principal amount of the Notes, and any accrued and unpaid interest on the Notes.
Issuer Call
Call Date: 12 June 2035
Additional Note
This Condition 11.8 applies to the Notes only if the Pricing Supplement states that this Condition 11.8 applies.
If the relevant Pricing Supplement states that this Condition 11.8 applies, upon the occurrence of a MREL/TLAC Disqualification Event, the Issuer may, at its option, at any time, redeem all (but not some) of the Notes of a Series in whole before their Maturity Date at the Redemption Amount and any interest accrued on it to (but excluding) the Redemption Date.
MREL/TLAC Disqualification Event means:
(a) with respect to any Senior Preferred Notes, that at any time all or part of the outstanding principal amount of such Senior Preferred Notes does not fully qualify as MREL/TLAC Eligible Instruments, except by reason of any quantitative limitation on the amount of unsubordinated obligations that can qualify as MREL/TLAC Eligible Instruments;
(b) with respect to any Senior Non-Preferred Notes, that at any time all or part of the outstanding principal amount of such Senior Non-Preferred Notes does not fully qualify as MREL/TLAC Eligible Instruments; and
(c) with respect to any Subordinated Notes, that at any time that all or part of the outstanding principal amount of such Subordinated Notes of a Series does not fully qualify as MREL/TLAC Eligible Instruments,
except, in each case, where such non-qualification was reasonably foreseeable at the applicable Issue Date or is due to the remaining maturity of such Notes being less than any period prescribed by the Applicable MREL/TLAC Regulations;
Early redemption for Capital Event
This Condition 11.9 applies to the Notes only if the Pricing Supplement states that the Notes are Subordinated Notes.
If the Notes are Subordinated Notes, upon the occurrence of a Capital Event, the Issuer may, at its option, at any time but subject to Condition 11.10 (“Additional conditions to redemption of Subordinated Notes”), redeem all (but not some) of the Subordinated Notes of a Series in whole before their Maturity Date at the Redemption Amount and any interest accrued on it to (but excluding) the Redemption Date.
Capital Event means a change in the regulatory classification of the Subordinated Notes, that was not reasonably foreseeable at their Issue Date, as a result of which such Subordinated Notes would be fully excluded from Tier 2 Capital
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