pbb provides first finance lease in €480m loan to French govt

La Banque Postale and pbb Deutsche Pfandbriefbank have provided a €480m, long-term loan to the French government for the leasing and eventual purchase of the Tour Séquoia tower in Paris. The facility, referred to as a finance lease, allows the French government to pay a market rent over the term of the contract and then acquire the building at the end by paying the nominal sum of €1.