SocGen hits dollars as US stays open for business

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By Tyler Davies
08 Dec 2020

Société Générale took advantage of superlative conditions in the US dollar market at the start of the week, raising $2bn of funding with a tightly priced deal in non-preferred senior format.

The French bank opened books for a new six year non-call five note during US hours on Monday. 

It was the first time the issuer had used a one year call option on a non-preferred senior bond in the dollar market, though this has become standard practice ...

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