SocGen looks to cash in on popularity after mandating Samurai debut

16 Nov 2012

Société Générale took its first step into the Japanese market on Thursday when it hired joint lead managers Mizuho, Nomura and SMBC Nikko for a five tranche Samurai deal that will be priced in a week’s time.

The debut transaction comprises three fixed rate tranches and two floating rate notes. The minimum issue amount for each tenor is ¥1bn.

Price guidance on the fixed rate tranches is 50bp-60bp over yen-swaps area for a two year note, 60bp–70bp over for a three year, and 70bp–80bp over for ...

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