BPCE targets clients in first Samurai social impact bond

By Tyler Davies
22 Jun 2017

BPCE was this week looking to become the first bank to issue a Samurai social impact bond, in an innovatively structured transaction that will go towards financing clients rather than projects. Bankers involved in the deal say it could be the first step towards broadening the role of retail banks in the social bond market.

BPCE is the second largest banking group in France, with a network of 31 regional banks. It plans to lend the net proceeds of this week’s ¥58bn ($520m) social impact bond to its banking network, which will then use the funds to finance or refinance loans granted to ...

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