BPCE moves away from long end and finds demand for first French five year

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BPCE moves away from long end and finds demand for first French five year

BPCE on Monday was the first French issuer in 2012 to tap the belly of the curve. The five year transaction brings BPCE Group’s total issuance so far this year to over €3bn — around 25% of its covered bond funding for the year.

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