BPCEGP 4.500% 03Jun2026 Corp (SGD)

Bond Factsheet

Matured/ Called

BPCE SA

Indicative

Full Lot

Bid Price

100.000

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.600

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 22 Apr 2022, 12:00am

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Bond Information

BPCE operates as a bank. The Bank provides personal banking, insurance, loans, real estate financing, asset and wealth management, payments, and investment solutions for individuals, not-for-profit associations, and businesses. BPCE serves customers worldwide.

Bond Issuer

BPCE SA

Guarantor

Announcement Date

26 May 2016

Issue Date

03 Jun 2016

Maturity Date

03 Jun 2026

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.500

Coupon Type

Variable

Annual Coupon Rate

4.500

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Subordinated

Reference Rate

Reset Rate = 5Y SGD SOR + Initial Spread (245 bps)
Reset Date=03Jun2021

ISIN

FR0013179736

CUSIP

LW1905204

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

130,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ A+

Bond Credit Rating (S&P/ Fitch)

***/ A-

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Loss Absorption

French banking law allows authorities to cancel, write-down or convert into equity failing banks’ subordinated instruments (such as the Notes), in accordance with their seniority. Failing banks are defined as those that, currently or in the near future (i) no longer comply with regulatory capital requirements, (ii) are not able to make payments that are, or will be imminently, due, or (iii) require extraordinary public financial support. Conversion or write-down ratios are decided upon by the French resolution authority (the "ACPR") on the basis of a "fair and realistic" assessment.

Issuer Call

Call Date: 03 June 2021

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