These are the details of the selected bond:
- Issuer: BPCE SFH
- Covered bond rating(s) at launch: Aaa (Moody's) AAA (S&P)
- Amount: EUR1,500m
- Maturity date: 16 January 2036
- Re-offer price: 99.716
- Coupon: 3.375%
- Swap spread: 52bp
- Government spread: 57.2bp
- Pricing date: 8 January 2026
- Settlement date: 16 January 2026
- Bookrunners: BBVA, Commerzbank, Credit Agricole, Erste, ING, Natixis, Nykredit, UniCredit
- Country: France
- ISIN: FR0014015E17
- Collateral type: Mortgage
- The CBR bond ID: 3270
- Green, social, sustainability description: unlabelled
- Notes: Final book EUR8.6bn (inc. EUR275m JLMs).
