SocGen tightens AT1 pricing as investors pile in

SocGen small
By Will Caiger-Smith
29 Aug 2013

Société Générale got an enthusiastic response to its debut additional tier one capital trade on Thursday, managing to tighten pricing from the initial level after investors placed around $4bn of orders for a potential $1bn-$1.25bn trade.

The deal is only the second capital requirements directive-compliant AT1 trade to hit the market since the regulatory package was finalised earlier this yearBBVA is the ...

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