Société Générale taps Swissies for bail-in paper

Swiss_franc_AdobeStock_575x375_13Feb20
By Frank Jackman
15 Jan 2021

Société Générale dropped into the Swiss market for the first time since last February to print a new bail-inable note on Friday.

The French firm (A1/A/A-) raised Sfr140m ($157.6m) with the new 0.375% July 2028 non-call July 2027 senior non-preferred deal.

Sole lead UBS set the spread on the issue at mid-swaps plus 83bp, equating to 99bp over the Swiss government curve.

The bond was issued at 100.008 to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial