BPCE launches multi-tranche Australian dollar deal

On 13 April, BPCE (A+/A1/A+) launched a multi-tranche, Australian dollar denominated deal, comprising five-year, senior-preferred notes and seven-year non-call six-year, senior-nonpreferred notes. The former has indicative price guidance of 80-85 basis points area, and the latter 120-125 basis points area, over swap benchmarks. Both tranches are being offered in fixed- and floating-rate formats.