BPCE in $1.25 Billion Offering

January 14, 2020

Cleary Gottlieb represented BPCE in the offering of $1.25 billion 2.375% senior non-preferred notes due 2025 under its U.S. medium-term notes program.

The transaction, which priced on January 6, 2020, was managed by Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, and Natixis Securities Americas LLC as joint bookrunning managers. The transaction closed on January 14, 2020.

BPCE is the central institution of Groupe BPCE, one of the largest banking groups in France. Groupe BPCE includes 29 regional banks, 14 in the Banque Populaire retail banking network, and 15 in the Caisse d’Epargne retail banking network, as well as BPCE and its subsidiaries and affiliates.