SocGen hits dollars as US stays open for business

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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