YEN

摘要

BPCE has raised ¥105.2bn (US$857m) from a multi-tranche Samurai offering of senior bonds and Basel Ill-compliant Tier 2 notes. This was the French bank's third offering of Samurai paper this calendar year, and its continued commitment to the market gave investors comfort, even after a weak session in European credit trading on Thursday before pricing. The issuer now has Y533bn of Samurai outstanding, ranking behind only Rabobank. Fixed and floating-rate five-year senior notes of ¥66.4bn and ¥3.1bn priced at yen offer-side swaps plus 22bp and three-month yen Libor plus 27bp, respectively. Earlier guidance for the five-year fixed note was 19bp-22bp over swaps.