BPCE 4.625% 11July2024

This is a 7 years maturity, investment grade, USD bond yielding more than 4% YTM.

BPCE 4.625% 11July2024
Price: 101.00
YTM: 4.46%
Moody's: Baa3
S&P: BBB
Fitch: A-
Currency: USD
Advance margin: 75%
Leverage YTM based on 65% loan: 9.03%

Duration of the bond is only 6.17. This means that the bond is not very sensitive to interest rate hike.

Groupe BPCE, the 2nd largest banking group in France, has put down deep roots in its local markets. Its 108,000 employees serve a total of 31.2 million customers.

Groupe BPCE offers its customers a comprehensive range of products and services: savings and investment solutions, cash management services, financing solutions, insurance, and wholesale banking services.

Link: www.groupebpce.fr/mobile_en/The-Group/Key-Facts/Group-profile

Net income attributable to equity holders of the parent has increased by 7.6% compared with 2015 to stand at €3,395m:

www.groupebpce.fr/mobile_en/Investors/Results/Full-year-results-2016

Are you interested?

Requirement to open a private bank account is SGD2mil. If you are looking for a private banker, send me a message using the "Contact Form" on the right, I can recommend my friends to you.