Oddo BHF - BPCE : Focus Emission

Report

Oddo BHF

Carine Maciol

BPCE : Focus Emission

BPCE Assurances vient pour la première fois sur le marché émettre un RT1 PNC32 de 280 m EUR et un Tier 2 2035 Green de 400 m EUR. Ces émissions permettront de refinancer le call attendu en décembre du PNC25 émis en 2014 par Natixis Assurances et des obligations intragroupe. Les deux structures ont été notées BBB par Fitch.

16/10/2025 1 FR

Provider

Oddo BHF

Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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Analysts

Carine Maciol

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Carine Maciol

BPCE : Issuance Focus

BPCE Assurances has tapped the market to issue for the first time a € 280m RT1 PNC32 and a € 40 Tier 2 2035 Green bond. These bonds will help refinance the call expected in December on the PNC25 issued in 2014 by Natixis Assurances and intragroup bonds. Both structures have been rated ´BBB’ by Fitch.

4h / 13m 4h / 13m 1 EN

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BPCE : Focus Emission

World economy: between risks and resilience

Economie mondiale, entre risques et résilience

BPCE : Issuance Focus

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