ItalianoBond BPCe 1.625% ( US05578DAE22 ) in USD
| Issuer | BPCe |
| Market price | 100 % ⇌ |
| Country |  France
|
| ISIN code |
 US05578DAE22 ( in USD )
|
| Interest rate | 1.625% per year ( payment 2 times a year) |
| Maturity | 10/02/2017 - Bond has expired |
|
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|
| Minimal amount | 250 000 USD |
| Total amount | 750 000 000 USD |
| Cusip | 05578DAE2 |
| Standard & Poor's ( S&P ) rating | A ( Upper medium grade - Investment-grade ) |
| Moody's rating | A2 ( Upper medium grade - Investment-grade ) |
| Detailed description |
BPCE is a French banking group formed by the merger of several regional banking networks, primarily operating through its two main subsidiaries, Banque Populaire and Caisse d'Epargne. This financial analysis details a specific bond issuance, identified by ISIN US05578DAE22 and CUSIP 05578DAE2, originating from France and issued by BPCE. BPCE, a prominent French banking group, strategically leveraged the U.S. dollar market for this particular fixed-income instrument. The bond, which featured a coupon rate of 1.625% and paid interest semi-annually, was denominated in USD and constituted a total issuance size of $750,000,000. Investors were required to purchase a minimum of $250,000 of this offering. Of significant note, this bond reached its maturity date on February 10, 2017, and has subsequently been fully redeemed at its par value of 100%, indicating a successful repayment to bondholders. At the time of its relevance, the issuance was evaluated by leading credit rating agencies, receiving an 'A' rating from Standard & Poor's and an 'A2' rating from Moody's, reflecting its perceived credit quality within the market. |