SG sells third AT1, confirming wider levels

By Graham Bippart
03 Apr 2014

Société Générale relaunched a euro additional tier one capital issue last Friday (March 28), after postponing it earlier in the week when it became aware of an rating outlook change from Fitch.

SG sold the €1bn of contingent convertible bonds at it's initial price thoughts of 6.75%.

SG, which was the sole lead manager, attracted a €5bn book. That compares to books well above €10bn in other recent AT1 sales, though UniCredit became ...

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