Soc Gen pulls in €1.75bn of funding with popular two year FRN

By Tyler Davies
29 Aug 2019

Investors threw themselves behind a short-dated floating rate note from Société Générale on Thursday, shrugging off the bleak outlook for European interest rates. The strength of demand allowed the French bank to raise €1.75bn.

Société Généralewas the sole bookrunner for the two year senior floating rate note, which was a rare sight in a market that has been dominated by fixed rate products in recent years.

Investors were facing a negative yield at the initial price thoughts of 30bp over ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.