Important Notice to Noteholders
To: Noteholders
From: BPCE SFH
7, promenade Germaine Sablon
75013 Paris
Copy: Fiscal Agent and Calculation Agent: BNP Paribas Securities Services
On 28 October 2024, BPCE SFH issued the Notes under the Base Prospectus providing important terms about the obligations de financement de l'habitat and privileged notes. The Notes are part of a substantial €65,000,000,000 Euro Medium Term Note Programme and have attracted significant interest from investors.
The Issuer has obtained unanimous consent from all holders of the Notes regarding an adjustment to their maturity terms. This adjustment reflects amendments that will take effect beginning 1 September 2025, based on the attached Amended and Restated Final Terms, which replace the Original Final Terms associated with this issuance.
Overview of the Series and Financial Details
The Notes, under Series No. 196, feature key conditions including:
- ISIN: FR001400TEX3
- Amount: €1,000,000,000 Fixed Rate Notes
- Interest Rate: 3.199% per annum (fixed until maturity)
- Maturity Date: 28 October 2034 (extendable up to 28 October 2035)
Interest will commence from the issue date, and payments are set for 28 October annually. The interest calculation is based on a fixed rate until the switch to a floating rate option, ensuring that investors have a clear understanding of their financial commitments going forward.
Changes Coming in September 2025
This forthcoming amendment is crucial for investors, as it highlights the flexibility in managing the Notes' maturity and interest structure. The transition from fixed to floating rates will allow investors to benefit from potential market shifts, reinforcing BPCE SFH’s commitment to adaptability in investments.
Regulatory Considerations
As part of the PRIIPs Regulation, these Notes are not intended for EEA retail investors. It’s crucial that holders understand the implications of their investments under the applicable regulations. Retail investors should seek professional advice to evaluate their options accurately.
Investor Relations and Further Information
Investors are encouraged to review the full details within the Base Prospectus, which is available for viewing during business hours at the Issuer’s registered offices. Copies can also be accessed through relevant financial authorities and are key to understanding the implications of these amendments and additional terms.
In conclusion, BPCE SFH is ensuring that all noteholders remain informed and engaged throughout this restructuring process. The focus on clear communication helps maintain transparency and fosters trust between the Issuer and its investors.
Frequently Asked Questions
What are the key changes to the Note provisions?
The maturity terms of the Notes will be amended starting 1 September 2025 as detailed in the Amended and Restated Final Terms.
When is the maturity date for the Notes?
The final maturity date is set for 28 October 2034, with a possibility of extension to 28 October 2035.
What is the interest rate of the Notes?
The Notes carry a fixed interest rate of 3.199% per annum until maturity, after which they may switch to a floating rate framework.
Where can I access the Base Prospectus?
The Base Prospectus and associated documents can be accessed at the Issuer's registered offices or viewing on the websites of the relevant financial authorities.
How are payments made to noteholders?
Interest payments are scheduled annually on 28 October, following the specified payment terms of the Notes.
