Bond BPCe 4.875% ( US05578QAE35 ) in USD

Issuer	BPCe
Market price	100 % ▲
Country	France
ISIN code	US05578QAE35 ( in USD )
Interest rate	4.875% per year ( payment 2 times a year)
Maturity	31/03/2026
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Minimal amount	200 000 USD
Total amount	750 000 000 USD
Cusip	05578QAE3
Standard & Poor's ( S&P ) rating	BBB+ ( Lower medium grade - Investment-grade )
Moody's rating	Baa2 ( Lower medium grade - Investment-grade )
Next Coupon	01/10/2025 ( In 60 days )
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. An investment-grade bond issued by BPCE, a prominent French banking group, is currently trading at par, offering a fixed income opportunity to investors. This specific obligation, identified by ISIN US05578QAE35 and CUSIP 05578QAE3, represents a significant issuance from a major player in the European financial sector. BPCE, officially Groupe BPCE, stands as France's second-largest banking group, a cooperative entity formed from the merger of Groupe Caisse d'Épargne and Groupe Banque Populaire. Its comprehensive operations span retail banking, corporate and investment banking, insurance, and asset management, serving millions of clients across France and internationally, underscoring its systemic importance and stability. This particular debt instrument, denominated in U.S. Dollars, carries a fixed annual coupon rate of 4.875%, with interest payments distributed semi-annually. The total issue size for this bond is $750,000,000, with a minimum investment threshold set at $200,000, indicating its targeting of institutional or sophisticated individual investors. With a maturity date of March 31, 2026, it offers a relatively short-to-medium term investment horizon. The bond's credit quality is affirmed by its ratings from leading agencies: Standard & Poor's has assigned a 'BBB+' rating, while Moody's rates it 'Baa2'. Both ratings fall within the investment-grade category, reflecting the issuer's strong capacity to meet its financial commitments, albeit with a moderate degree of susceptibility to adverse economic conditions or changes in circumstances.