SG tests the water for benchmark
Société Générale SCF is today collecting indications of interest for a 12 year public sector benchmark that leads Banca IMI, Danske Bank, Natixis and SG are said to be whispering in the mid 50bps over mid-swaps. SG could launch a deal this afternoon or tomorrow (Thursday), and in so doing would be the first issuer to tap a challenging, albeit stabilising market this week as others keep their distance. Read EuroWeek this Friday for more on the market activity.
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