BPCE SFH Restructures €1 Billion Fixed Rate Notes Series 196
Important Notice to Noteholders of BPCE SFH
To all Noteholders,
We, BPCE SFH, want to inform you regarding the recent changes related to our structured financial products concerning Series 196.
Company and Contact Information
BPCE SFH
7, promenade Germaine Sablon
75013 Paris
France
Fiscal Agent, Principal Paying Agent and Calculation Agent Info:
BNP Paribas Securities Services
Les Grands Moulins de Pantin
9 rue du Débarcadère
93500 PANTIN
France
Legal and Financial Overview
Legal Entity Identifier (LEI): 969500T1UBNNTYVWOS04
€65,000,000,000 Euro Medium Term Note Programme will facilitate the issuing of obligations de financement de l'habitat, among other privileged notes.
The current issuance involves €1,000,000,000 3.199% Fixed Rate Notes due on 28 October 2034, with a provision for extension to Floating Rate Notes from October 2034 up to October 2035.
Monthly Updates on Series and Notes
On 28 October 2024, the initial issuance details were documented under the Base Prospectus dated 7 May 2024.
This document received approval from the French financial authorities, referred to as the AMF.
In an agreement involving the unanimous consent of all Noteholders, it is confirmed that from 1 September 2025, we will amend maturity considerations originally stated in the Final Terms.
Amended and Restated Final Terms
The agreed adjustments will correspond to the notes outlined in the attached Amended and Restated Final Terms, which supersede the original Final Terms.
Interest Rate Information
The terms of the interest payable include fixed rates of 3.199% per annum, with annual payments starting from 28 October 2025, until maturity. Each interest payment corresponds to the full specified denomination.
For updates from 28 October 2034, the structure will switch to a floating interest model based on EURIBOR.
Integrated Market Information and Expectations
The transition towards Floating Rate Notes reflects BPCE SFH's adaptive strategy towards changing economic conditions while ensuring strong security for noteholders.
The Notes are designed to comply with European regulations while aiming to maximize investor confidence and capital growth.
Environmental Considerations
We understand the significance of sustainable finance. BPCE SFH is committed to utilizing funds raised through our note issuances for projects that are conducive to economic and environmental sustainability.
Regulatory Commitments
We assure all stakeholders that the management of these notes adheres to rigorous compliance checks with all applicable regulations and directives.
Frequently Asked Questions
What is the total amount of the note issuance?
The total issuance amount for the notes is €1,000,000,000.
When does the interest period commence?
The interest period commences from the issue date.
What is the strategy for changing interest rates?
The notes will initially have a fixed rate, transitioning to a floating rate beginning from October 2034.
How does the noteholders' consent influence the terms?
Unanimous consent is required from all noteholders to amend the maturity provisions.
Where can I find additional information about BPCE SFH?
For more information, please refer to our official website or contact our team directly.
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