BPCE Group, France’s second-largest bank, is pooling together €5 billion (U.S.$5.6 billion) worth of personal consumer loans into a securitization portfolio, including a mix of auto, cash, home improvement and debt consolidation loans.

The loans in BPCE Consumer Loans FCT 2016_5, ranging from €200 to €75,000, will be backing 14-year notes to be split between Class A and Class B tranches. Only the €3.33 billion Class A notes are being rated, with Standard & Poor’s weighing in with a preliminary ‘AAA’ structured finance rating. The Class A notes will include 34.1% available credit enhancement, and carry a 0.12% coupon.

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