By Andrea Heisinger
New York, Jan. 31 - France's Groupe BPCE sold $1.1 billion of three-year floating-rate notes on Monday to yield Libor plus 180 basis points, an informed source said.
The notes (Aa3/A+/A+) sold at 99.846 with a coupon of Libor plus 175 bps.
The Rule 144A notes are non-callable.
Barclays Capital Inc., J.P. Morgan Securities LLC, Natixis and RBS Securities were the bookrunners.
The retail bank is based in Paris.
| Issuer: | Groupe BPCE
|
| Issue: | Floating-rate notes
|
| Amount: | $1.1 billion
|
| Maturity: | Feb. 7, 2014
|
| Bookrunners: | Barclays Capital Inc., J.P. Morgan Securities LLC, Natixis, RBS Securities
|
| Coupon: | Three-month Libor plus 175 bps
|
| Price: | 99.846
|
| Yield: | Three-month Libor plus 180 bps
|
| Call: | Non-callable
|
| Distribution: | Rule 144A
|
| Trade date: | Jan. 31
|
| Settlement date: | Feb. 7
|
| Ratings: | Moody's: Aa3
|
| Standard & Poor's: A+
|
| Fitch: A+
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
