Climate: first securitization transaction destined to finance green housing

Tuesday, 5 october 2021

Groupe BPCE recently completed the first €1.5 billion green securitization transaction destined to finance low-energy housing.

This securitization transaction, based on residential mortgage-backed securities (RMBS) rated AAA by Fitch and S&P and in which the Banques Populaires and Caisses d’Epargne are also stakeholders, is the first transaction for such an amount to be carried out in this format by a French issuer.

The innovative nature of this transaction is based, firstly, on the Group’s commitment to finance the production of new real estate loans enabling borrowers to buy or build low-energy housing to the amount of the loans transferred and, secondly, on the desire to involve investors directly in our efforts to promote the transition of a sector responsible for emitting large quantities of greenhouse gases.

This transaction is fully aligned with the goals of the Group’s strategic plan BPCE 2024 and, more specifically, with the objectives of its climate component.