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: 10 January 2033
- Re-offer price: 99.392
- Coupon: 3.125%
- Swap spread: 36bp
- IPTs/initial guidance: 43bp
- Government spread: 44.7bp
- Pricing date: 1 June 2026
- Settlement date: 10 June 2026
- Bookrunners: Danske, Deutsche, DZ, ING, Natixis, NordLB, Santander, Swedbank
- Country: France
- ISIN: FR0014018XB6
- Collateral type: Mortgage
- The CBR bond ID: 3408
- Green, social, sustainability description: Green
- Misc: Debut EuGB covered bond
- Final book: above EUR5bn (inc. EUR545m JLMs)
- Distribution by type: Banks/private banks 52%, asset managers 27%, central banks/official institutions 15%, insurance companies/pension funds 5%, others 1%
- Geographical distribution: Germany/Austria/Switzerland 24%, Nordics 23%, Benelux 16%, France 13%, southern Europe 12%, UK/Ireland 10%, others 2%
