Market vol against SG as French trio seize issuance window

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Market vol against SG as French trio seize issuance window

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Low angle view of three french flags blowing in the wind, decking an haussmannian building in Paris, France, on a sunny summer day. | Olivier Rateau/olrat - stock.adobe.com

BNP Paribas and Crédit Agricole enjoyed the best of conditions as they reopened the market for non-preferred senior bonds from eurozone banks this week, but Société Générale ran into market turbulence when it emerged a day later. Bankers said that showed that demand for the instrument remains limited.

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