Cases & Deals

Investor completes investment into €500 million Class A2024-02 Notes under Ophelia Master SME FCT programme

Client(s) Investor

Jones Day advised one investor in connection with the issuance of the series of Class A2024-02 Notes backed by French small-and-medium enterprises loan receivables originated by certain Banques Populaires and Caisses d'Epargne belonging to the Groupe BPCE and assigned to a French fonds commun de titrisation "Ophelia Master SME FCT" with BPCE as arranger. The €500 million Class A2024-02 Notes rated AAA(sf) by DBRS Ratings GmbH, AAAsf by Fitch Ratings Ireland Limited - Succursale française and an Aaa (sf) by Moody's France SAS issued on November 29, 2024 are listed on Euronext Paris. The securitisation transaction was notified to ESMA as "STS" (simple, transparent, and standardised) in accordance with the EU Regulation 2017/2402 dated December 12, 2017 laying down a general framework for securitisation and creating a specific framework for simple, transparent, and standardised securitisation.