BPCE group closes €1 billion private French consumer loans securitization
Clients BPCE SA
Jones Day advised BPCE, as arranger, on a securitization of French consumer loans originated by certain Caisses d'Epargne belonging to the BPCE group through the establishment of a French fonds commun de titrisation "BPCE Demeter Uno FCT". The €1 billion Class A Notes issued on April 21, 2023 were privately placed. The consumer loan receivables were transferred in full title by the originators to BPCE Demeter Uno FCT by way of financial collateral arrangements governed by articles L. 211-38 et seq. of the French Monetary and Financial Code.