BPCE brings first senior non-preferred in yen

摘要

Bpce priced ¥142.7bn (US$1.2bn) of three-part Samurai bonds via Daiwa, Mizuho, Natixis, Nomura and SMBC Nikko, in a deal that marked the first of its kind in yen. The significance of the transaction was not just the size, which was slightly bigger than the Samurai priced by EDF on the same day (see Corporates), but also that it included the first offering of French senior non-preferred (SNP) bonds in yen, following the adoption of a new legal framework late last year.