Obligation Groupe BPCE 4.5% ( FR0013179736 ) en SGD

Société émettrice Groupe BPCE
Prix sur le marché 100 %  ▲ 
Pays  France
Code ISIN  FR0013179736 ( en SGD )
Coupon 4.5% par an ( paiement semestriel )
Echéance 02/06/2026 - Obligation échue



Prospectus brochure de l'obligation BPCE FR0013179736 en SGD 4.5%, échue


Montant Minimal 250 000 SGD
Montant de l'émission 130 000 000 SGD
Description détaillée Deuxième groupe bancaire en France, regroupant les réseaux Banque Populaire et Caisse d'Épargne.

L'Obligation émise par Groupe BPCE ( France ) , en SGD, avec le code ISIN FR0013179736, paye un coupon de 4.5% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 02/06/2026







Final Terms dated 1 June 2016
BPCE
Euro 40,000,000,000
Euro Medium Term Note Programme
for the issue of Notes
SERIES NO: 2016-24
TRANCHE NO: 1
SGD 130,000,000 4.50 per cent. Subordinated Resettable Notes due 3 June 2026
Joint Bookrunners
DBS Bank Ltd.
Natixis
Oversea-Chinese Banking Corporation Limited
United Overseas Bank Limited


PART A ­ CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the conditions
(the "Conditions") set forth in the base prospectus dated 18 November 2015 which received visa n°15-588
from the Autorité des marchés financiers (the "AMF") on 18 November 2015 (the "Base Prospectus") and
the supplements to the Base Prospectus dated 29 February 2016, 5 April 2016 and 19 May 2016 which
respectively received from the AMF visa no. 16-062 on 29 February 2016, visa no. 16-118 on 5 April 2016
and visa no. 16-186 on 19 May 2016 (the "Base Prospectus Supplements"), which together constitute a base
prospectus for the purposes of the Prospectus Directive (Directive 2003/71/EC), as amended (the "Prospectus
Directive").
This document constitutes the Final Terms of the Notes described herein for the purposes of Article 5.4 of the
Prospectus Directive and must be read in conjunction with such Base Prospectus as so supplemented. Full
information on the Issuer and the offer of the Notes is only available on the basis of the combination of these
Final Terms and the Base Prospectus as so supplemented. The Base Prospectus and the Base Prospectus
Supplements are available for viewing at the office of the Fiscal Agent or each of the Paying Agents and on
the website of the AMF (www.amf-france.org) and copies may be obtained from BPCE, 50 avenue Pierre
Mendès-France, 75013 Paris, France.
1
Issuer:
BPCE
2
(i)
Series Number:
2016-24
(ii) Tranche Number:
1
3
Specified Currency or Currencies:
Singapore Dollars ("SGD")
4
Aggregate Nominal Amount:
(i)
Series:
SGD 130,000,000
(ii) Tranche:
SGD 130,000,000
5
Issue Price:
100 per cent. of the Aggregate Nominal
Amount
6
Specified Denomination:
SGD 250,000
7
(i)
Issue Date:
3 June 2016
(ii) Interest Commencement Date:
3 June 2016
8
Interest Basis:
4.50 per cent. Fixed Rate (Resettable)
(further particulars specified below)
9
Maturity Date:
3 June 2026
10
Redemption Basis:
Subject to any purchase and cancellation
or early redemption, the Notes will be
redeemed on the Maturity Date at 100 per
cent. of their nominal amount
11
Change of Interest Basis:
Not Applicable
12
Put/Call Options:
Issuer Call
(further particulars specified below)
13
(i)
Status of the Notes:
Subordinated Notes: subordinated to
Senior Obligations, senior to prêts
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2


participatifs, titres participatifs and any
deeply subordinated obligations of the
Issuer; Senior Obligations being all
unsecured and unsubordinated obligations
of the Issuer, and all other obligations
expressed to rank senior to the
Subordinated Notes, as provided by their
terms or by law
(ii) Dates of the corporate authorisations for issuance Decision of the Directoire of the Issuer
of Notes obtained:
dated 25 April 2016 and decision of
Mr. Jean-Philippe Berthaut, Head of Group
Funding, adopted on 26 May 2016 and
executed on 1 June 2016
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14
Fixed Rate Note Provisions
Applicable
(i)
Rate of Interest:
Resettable
(ii) Resettable:
Applicable
-
Initial Rate of Interest:
4.50 per cent. per annum payable semi-
annually in arrear
-
First Margin:
+2.45 per cent. per annum
-
Subsequent Margin:
Not Applicable
-
First Reset Date:
3 June 2021
-
Second Reset Date:
Not Applicable
-
Subsequent Reset Date:
Not Applicable
-
Relevant Screen Page:
5-year SGD Swap Offer Rate available on
the Bloomberg page ­ SDSW5 TPRA
Curncy under the column headed "Ask"
-
Mid-Swap Floating Leg Benchmark Rate:
SGD Swap Offer Rate
-
Mid-Swap Maturity:
5 years
-
Reset Determination Date:
the day falling two Business Days in
Singapore prior to the First Reset Date
-
Relevant Screen Page Time:
11.00 a.m. Singapore time
(iii) Interest Payment Date(s):
3 June and 3 December in each year
commencing on 3 December 2016
(iv) Fixed Coupon Amount:
Rate of Interest x Specified Denomination
x Day Count Fraction per Note of
SGD 250,000 Specified Denomination
(v) Broken Amount(s):
Not Applicable
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(vi) Day Count Fraction:
Actual/365 (Fixed), not adjusted
(vii) Determination Dates:
Not Applicable
(viii)Payments on Non-Business Days
Modified Following
15
Floating Rate Note Provisions
Not Applicable
16
Zero Coupon Note Provisions
Not Applicable
17
Inflation Linked Interest Note Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
18
Call Option
Applicable
(i) Optional Redemption Date:
3 June 2021
(ii) Optional Redemption Amount of each Note:
SGD 250,000 per Note of SGD 250,000
Specified Denomination
(iii) If redeemable in part:
Not Applicable
(iv) Notice period:
As per the Conditions
19
Put Option
Not Applicable
20
Final Redemption Amount of each Note
SGD 250,000 per Note of SGD 250,000
Specified Denomination
21
Early Redemption Amount
(i) Early Redemption Amount of each Note payable
on redemption upon the occurrence of a Capital
Event (Condition 6(g)), for a Withholding Tax
Event (Condition 6(h)(i)), or for a Tax
Deductibility Event (Condition 6(c)(iii)):
SGD 250,000 per Note of SGD 250,000
Specified Denomination
(ii) Redemption for taxation reasons permitted on
days others than Interest Payment Dates
(Condition 6(h)):
Yes
(iii) Unmatured Coupons to become void upon early
redemption (Materialised Bearer Notes only)
(Condition 7(f)):
Not Applicable
GENERAL PROVISIONS APPLICABLE TO THE NOTES
22
Form of Notes:
Dematerialised Notes
(i) Form of Dematerialised Notes:
Bearer form (au porteur)
(ii) Registration Agent:
Not Applicable
(iii) Temporary Global Certificate:
Not Applicable
(iv) Applicable TEFRA exemption:
Not Applicable
23
Financial Centre(s):
Target, Singapore
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24
Talons for future Coupons or Receipts to be attached to
Definitive Notes (and dates on which such Talons
mature):
Not Applicable
25
Details relating to Instalment Notes: amount of each
instalment, date on which each payment is to be made:
Not Applicable
26
Redenomination provisions:
Not Applicable
27
Purchase in accordance with Articles L.213-1 A and
D.213-1 A of the French Code monétaire et financier:
Applicable
28
Consolidation provisions:
Not Applicable
29
Masse:
Contractual Masse
Name and address of the Representative:
Maître Antoine Lachenaud
10, rue de Sèze
75009 Paris
France
Name and address of the alternate
Representative:
SELARL MCM Avocat represented by
Maître Philippe Maisonneuve
Avocat
10, rue de Sèze
75009 Paris
France
The Representative will receive a
remuneration of Euro 2,000 (excluding
VAT) per year.
RESPONSIBILITY
The Issuer accepts responsibility for the information contained in these Final Terms.
Signed on behalf of BPCE
Duly represented by:
Jean-Philippe BERTHAUT, Head of Group Funding
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PART B ­ OTHER INFORMATION
1
LISTING AND ADMISSION TO TRADING
(i)
Listing and Admission to Application has been made by the Issuer (or on its behalf) for
trading:
the Notes to be listed and admitted to trading on Euronext
Paris with effect from the Issue Date.
(ii)
Estimate of total expenses
related to admission to
trading:
Euro 9,577 (including AMF fees)
2
RATINGS
Ratings:
The Notes to be issued are expected to be rated:
S & P: BBB
Moody's: Baa3
Fitch: A-
Each of S&P Moody's and Fitch is established in the
European Union and registered under Regulation (EC) No
1060/2009 as amended.
3
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save as discussed in "Subscription and Sale", so far as the Issuer is aware, no person involved in the offer of
the Notes has an interest material to the offer.
4
YIELD
Indication of yield:
4.50 per cent. per annum until the First Reset Date
The yield is calculated at the Issue Date on the basis of the
Issue Price. It is not an indication of future yield.
5
OPERATIONAL INFORMATION
ISIN:
FR0013179736
Common Code:
142612267
Depositaries:
(i)
Euroclear France to act as
Central Depositary:
Yes
(ii)
Common
Depositary
for
Euroclear and Clearstream
Luxembourg:
No
Any clearing system(s) other than
Euroclear
and
Clearstream,
Luxembourg
and
the
relevant
identification number(s):
Not Applicable
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Delivery:
Delivery against payment
Names and addresses of additional
Paying Agent(s) (if any):
Not Applicable
6
DISTRIBUTION
(i)
Method of distribution:
Syndicated
(ii) If syndicated:
(A) Names of Managers:
Joint Bookrunners
DBS Bank Ltd.
Natixis
Oversea-Chinese Banking Corporation Limited
United Overseas Bank Limited
(B) Stabilising Manager(s) if any:
Not Applicable
(iii) If non-syndicated, name and
address of Dealer:
Not Applicable
(iv) US Selling
Reg. S Compliance Category 2 applies to the Notes;
Restrictions(Categories of
TEFRA not applicable
potential investors to which the
Notes are offered):
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Document Outline