France's BPCE Plans Euro Benchmark 18-Month FRN Issue

9th Jun 2010 13:16

LONDON (Dow Jones)--BPCE, France's second-largest retail bank in terms of deposits, plans to launch an 18-month, euro, benchmark, floating-rate note via lead managers Natixis, Barclays PLC and Deutsche Bank AG, one of the banks leading the deal said Wednesday. Price guidance on the deal has been set at 65-67 basis points over three-month Euribor. Order books currently stand at EUR600 million and are scheduled to close at 1220 GMT. -By Art Patnaude, Dow Jones Newswires; +44 (0) 207 842 9259; [email protected] (END) Dow Jones Newswires June 09, 2010 08:16 ET (12:16 GMT)