BPCE seizes €1.5bn almost flat to its covered bond curve
![BPCE 375 575 HiRes](https://assets.euromoneydigital.com/dims4/default/d6a343c/2147483647/strip/true/crop/3621x2414+0+0/resize/840x560!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F00%2F35%2F0ba9099546a98ce1940c7a278896%2Fbpce-hires-575.jpg)
Even though French lender has raised €4.25bn, concessions have fallen
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