Banque Populaire plans to issue €90.2 million ($112 million) of securities backed by fixed-rate French residential mortgages that finance both purchases and home improvements, according to a Standard & Poor’s.

The issuer is part of the second-largest retail banking group in France, the BPCE group.  The transaction dubbed, ELIDE FCT Compartiment 2014-01, is a  French "fonds commun de titrisation" (FCT), a type of securitization vehicle set up under French law.   

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