Groupe BPCE has successfully listed the first bond issued under the European Defence Bond Label on Euronext, marking a significant milestone in directing private capital towards Europe’s defence and security sector.
On 5 September 2025, Groupe BPCE placed a €750 million senior unsecured bond with a five-year maturity, arranged by Natixis Corporate & Investment Banking. The issuance attracted strong demand from investors, generating €2.8 billion in orders from more than 140 institutional investors, reflecting both confidence in Groupe BPCE’s signature and the market’s interest in this pioneering initiative.
Supporting Europe’s strategic ambitions
The proceeds of the bond will be used to finance and refinance assets of companies active across the European defence and security value chain, as well as contracts related to the development, manufacturing and production of specialised equipment. This transaction highlights Groupe BPCE’s commitment to supporting national and European sovereignty, as well as its role as a pioneer in the bond market.
A new benchmark for the market
The European Defence Bond Label, introduced by Euronext in July 2025, is a voluntary, market-driven initiative that provides clear eligibility criteria based on the use of proceeds. It enables issuers to access a fast-track admission process for qualifying bonds, while offering investors greater transparency and visibility.
By becoming the first financial institution in Europe to issue a bond dedicated to the defence sector under this label, Groupe BPCE sets a benchmark for the market, demonstrating how capital markets can play a vital role in strengthening Europe’s long-term security and strategic autonomy.
Want to learn more?
Visit our dedicated webpage to learn more about the European Defence Bond Label and its role in financing Europe’s defence and security priorities.