DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
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In a move indicative of a broader shift in security finance, Groupe BPCE became the first financial institution in Europe to issue a bond dedicated exclusively to the defence sector, successfully placing a EUR 750 million (USD 870m) senior unsecured bond with a five-year maturity on 28 August 2025.
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