Groupe Banque Populaire, Caisse D’Epargne (BPCE) plans to issue up to €50 billion ($68.5 billion) in securities backed by French residential mortgages via a residential mortgage-backed securities (RMBS) program with a 10-year revolving period, according to a Standard & Poor’s presale report.  

BPCE is one of the largest participants in the French mortgage market. The receivables were originated by participating Caisses d'Epargne and "Banques Populaires part of the BPCE Group for French private individuals.

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