New success for the Group’s first green securitization deal

Thursday, 28 april 2022

Groupe BPCE’s Green RMBS* transaction completed in October 2021 has been voted ‘RMBS Deal of the Year’ in the 2022 edition of GlobalCapital’s European Securitization Awards, a reference in the financial sector.

More than 4,000 members of the financial industry voted in the poll that recognized the threefold originality of Groupe BPCE’s securitization deal, co-arranged by Natixis and BPCE and involving 26 Banques Populaires and Caisses d’Epargne as stakeholders (see ‘Climate: first securitization transaction destined to finance green housing’). 

Strong interest on the part of investors (with a final order book of more than €2 billion for a €1.5 billion offering of senior bonds), the tightest exit conditions observed in France in the RMBS segment since 2006, and the innovative and green dimension of the ‘Green use of proceeds’ commitment (with the proceeds of the issue being used to finance the production of new residential real estate loans compliant with green criteria using a strict methodology specific to the Group) have earned Groupe BPCE this ‘RMBS Deal of the Year’ award from the GlobalCapital European Securitization Awards. 

Already an expert in residential mortgage securitization deals and green bond issues, the Group illustrates with this transaction its commitment to the energy transition as embodied in its BPCE 2024 strategic plan.
*RMBS: residential mortgage-backed securities