Groupe BPCE (A/A2/A) launched a multi-tranche, five-year senior-preferred and 10-year senior-nonpreferred Kangaroo transaction on 17 April. The senior-preferred tranche will come in either or both fixed- and floating-rate formats with indicative price guidance of 110-115 basis points area over swap benchmarks. The fixed-rate senior-nonpreferred tranche is being marketed at 180 basis points area over semi-quarterly swap.