A pool of credit card receives issued by Group BPCE’s Natixis Financement unit are being securitized in the second-ever issuance through the Purple Master Credit Cards, FCT in France.

The €651 million transaction mostly consists of €550 million in a Class A2016-1 series of notes due October 2028, which have a preliminary ‘Aaa’ rating from Moody’s Investor Service.

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