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BPCE sets guidance for Tier 1 bond at 9.25% - 9.5%

Source: Reuters - Wed 14th Oct 2009

BPCE set guidance for the coupon on a Tier 1 euro benchmark bond at 9.25 percent to 9.5 percent, IFR reported on Wednesday.

The deal is not callable for five years, and there is no coupon step-up if the bank opts not to call from that date, said IFR Markets, a Thomson Reuters online news and market analysis service.

Deutsche Bank, JP Morgan and Natixis are managers for the deal, IFR said.

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