[FONT=Verdana, Arial, Helvetica, sans-serif]French banks repay state support
[/FONT][FONT=Verdana, Arial, Helvetica, sans-serif]Oct 12 - BPCE, the parent of Natixis formed in July through the merger of Banques Populaires and Caisses d'Epargne, said it planned to issue deeply subordinated Tier 1 notes in the near future to help repay 4 billion euros in state support. The timing is subject to market conditions. The 3 billion euros lent by the state in the form of preferential shares are expected to be repaid in 2010. [ID:nLC421191]
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