BPCE in Notes Offering

February 12, 2014

Cleary Gottlieb represented BPCE in the offering of $750,000,000 1.625% Guaranteed Notes due 2017 and $400,000,000 Floating Rate Guaranteed Notes due 2017. The Notes were guaranteed by the New York branch of Natixis, a French bank that is majority-owned by BPCE. The Notes were offered for sale in the United States in reliance on the exemption from registration provided under Section 3(a)(2) of the 1933 Securities Act. The transaction, which closed on February 12, was managed by Citigroup Global Markets Inc. for the Dealers.

BPCE is the central body of the Groupe BPCE, a leading French mutual banking group. The Groupe BPCE was created through the July 2009 combination of the Groupe Banques Populaires and the Groupe Caisse d’Epargne, two leading French mutual banking groups.