SocGen Readies Note Backed By Giant Funds of Funds

Société Générale is planning to issue a seven-year capital-guaranteed note next month that will be linked to funds at four large European fund of funds firms.

  • 19 Nov 2004
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Société Générale is planning to issue a seven-year capital-guaranteed note next month that will be linked to funds at four large European fund of funds firms. The Diamond First-Class Notes 2011 will allocate to five strategies offered by Capital Management Advisors, EIM Group, Olympia Group and Unigestion.

Although other banks have offered structured products based on funds of funds in the past, this appears to be the first time one features four large funds of funds players, said Antoine Prudent, head of product development at Unigestion. "This is the first time we are actually teaming up with our competitors, which is interesting. It is good for the client and makes sense from a diversification point of view," said Prudent.

The note will invest 25% of its capital in multi-strategy portfolios run by CMA, EIM and Olympia, according to an SG document. The remaining allocation will be invested in Unigestion's defensive and long/short equity funds. This is the combination of strategies that Unigestion generally recommends to its clients because it provides both correlated and non-correlated positions, explained Prudent. The product will be offered in both U.S. dollar and euro share classes, added Marcos Camhis, coo of CMA.

  • 19 Nov 2004

All International Bonds

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 16 Jan 2017
1 Citi 22,118.13 61 9.00%
2 Barclays 20,987.41 55 8.54%
3 JPMorgan 17,406.75 53 7.08%
4 HSBC 16,333.52 48 6.64%
5 Goldman Sachs 15,454.74 49 6.29%

Bookrunners of All Syndicated Loans EMEA

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 Commerzbank Group 114.00 1 66.16%
2 CaixaBank 37.05 1 21.50%
3 UniCredit 10.62 1 6.17%
3 BNP Paribas 10.62 1 6.17%
Subtotal 172.30 3 100.00%

Bookrunners of all EMEA ECM Issuance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Jan 2017
1 SG Corporate & Investment Banking 770.06 2 16.80%
2 Goldman Sachs 656.16 2 14.32%
3 JPMorgan 527.28 4 11.50%
4 Emirates NBD PJSC 408.38 1 8.91%
5 Deutsche Bank 321.53 3 7.01%