Société Générale T2 recovers after fixed income meltdown
A new tier two bond from Société Générale bore the brunt of a widening in the secondary FIG spreads on Thursday, being marked up to 15bp wider after pricing, said bankers away from the trade. It had retraced most of the losses by the afternoon but the initial widening served as a warning to prospective issuers of tier two paper.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts