French retail banking group BPCE is seeking to raise €1.25 billion in a sale of covered bonds, Nasdaq reports. The joint-lead managers for the transaction are BNP Paribas, Citigroup, Commerzbank, Lloyds Bank, Natixis and NordLB. The notes are scheduled to mature in 2021. BPCE was formed by the 2009 merger of CNCE and BFBP, which has more than 8,200 branches nationwide.
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