SG debuts among big names in US market
Negative sentiment and the advent of the earnings season failed to hold back Walmart and Société Générale from providing more than half of the $14bn of supply in the US investment grade bond market this week. But the US retailer had to pay up to do so. With more supply from banks expected, investors are being selective in volatile market.
Santander USA, the Spanish banks domestic operation, was this week preparing a $500m five year trade.
"Regional domestic banks usually go well and this is the size and tenor that is very popular at the moment," said a senior syndicate banker. Goldman Sachs and JP Morgan are joint
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