New Issue: France's BPCE prices $1.25 billion 2.5% five-year notes at 115 bps spread

By Aleesia Forni

Virginia Beach, Dec. 4 - France's BPCE SA priced $1.25 billion of 2.5% senior notes with a spread of Treasuries plus 115 basis points, according to a market source.

The notes priced at 99.841 to yield 2.534%.

BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Natixis Securities were the joint bookrunners.

The financial services company is based in Paris.

Issuer:	BPCE SA
Amount:	$1.25 billion
Description:	Senior notes
Maturity:	Dec. 10, 2018
Bookrunners:	BofA Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Natixis Securities
Coupon:	2.5%
Price:	99.841
Yield:	2.534%
Spread:	Treasuries plus 115 bps
Trade date:	Dec. 3
Settlement date:	Dec. 10

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