SocGen hits dollars as US stays open for business

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 ...Already a subscriber? Login