Green Bond Fact SheetGroupe BPCE

Date: 01/06/2020

Issue date: 27-05-2020 Maturity date: 27-05-2030 Tenor: 10Issuer Name

BPCE SFH SA (GroupeBPCE)

Amount Issued

USD1.4bn

Country of risk

FranceCBI Database

Included

Issuer Type1

Financial Corporate

Bond TypeCoveredGreen Bond Framework

Framework

Second party opinion

Vigeo Eiris

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☐ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Buildings☒ Certified Buildings☒ HVAC systems☒ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components ☐Adaptation & resilience

Use of Proceeds☐ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

Firsts, records andcertifications

There will be annual reporting on the company’s website on allocations by eligible project
category and examples of loans refinanced. Swisscom will also provide environmental
and/or social performance indicators (outputs/ impacts).
Groupe BPCE is the 2nd largest banking group in France, pursuing a full range of banking andinsurance activities falling into three categories: 1. Retail banking & insurance 2. Asset &wealth management 3. Corporate & investment banking. The group is committed to issuing
at least two sustainable bonds per year 2018-2020.
First covered green bond for BCPE, first issued under their green building methodology
published March 2020.

Proceeds description

The proceeds will finance eligible green mortgage loans for green buildings. The company
clearly defines in their Methodology Note for Green Bonds/Green Buildings what types ofassets are eligible, for example certain building certifications and carbon efficiency targets.

Climate Bonds view

This is the second covered bond from France and one of the largest of its kind globally so far.
The deal bumps France up to third in terms of volume issued through green covered bonds,
which now stands at a total of USD2.2 bn for the country. This deal tries to meet theincreasing demand for green bonds and in particular covered bonds, which areadvantageous for investors due their high rating. In addition to being the second longestdated green covered bond in the market, it marks the second covered bond issuance thisyear. We hope to see more covered green bonds in the remainder of this year.
Barclays, CaixaBank, Credit Suisse, Goldman Sachs, ING Groep, Natixis, Unicredit

Underwriters
Deal comments
Credit Rating

1AAA (S&P)
AAA (Moody’s)

Pricing summary••••

Investors summary

Deal was 5.12 times covered and achieved 6 basis points of price tightening.

Coupon: 0.01%
Yield: 0.053%
Price: 99.571%
Spread: ms +17bps

Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign