SocGen RACs up perpetual tier two
Investors were keen to participate in an unusually structured tier two instrument from French lender Société Générale on Wednesday morning. The Reg S deal, which has a perpetual maturity and features deferrable coupons to qualify for Standard & Poor’s equity credit, had attracted over $2bn of orders by late morning.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: