BPCE to redeem €1 billion subordinated fixed-to-floaters on March 17

By Tali Rackner

Norfolk, Va., Feb. 11 – BPCE SA called €1 billion of its undated deeply subordinated fixed-to-floating rate notes, according to a notice.

The notes will be redeemed at par plus accrued interest on March 17.

Deutsche Bank AG London is the fiscal agent, principal paying and calculation agent. Deutsche Bank Luxembourg, SA is the Luxembourg paying agent.

The financial services company is based in Paris.

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