Société Générale
-
◆ Both issuers shake off different macro uncertainties ◆ Geopolitical spike no hindrance for RBI's AT1 refi ◆ Société Générale erases concession despite French political risk -
◆ Two deals in under a week reopen dormant market ◆ Société Générale prints smaller size in shaky market ◆ But cost comes flat to euros, says lead manager
-
◆ Second French senior bond in a row after slight improvement in tone ◆ Clear concession to cushion political jitters ◆ €4bn book proves appetite for French FIG
-
High demand for senior and tier two debt keeps deals rolling in
-
French risk ‘the known unknown’ and will ‘get serious' come autumn
-
Hire of Anvita Arora for ECM is part of wider plan, says IB chief
-
Replacement for Derant Lakoue poached from Standard Bank
-
Bank goes further than Crédit Ag and SocGen in avoiding regulatory call
-
◆ Société Générale's insurance arm refis legacy perp ◆ Deal lands flat to fair value ◆ Investor sweet spot
-
◆ Takes larger size than expected ◆ Tightens 3bp to leave minimal premium ◆ French issuers fairly well funded before the summer
-
-
◆ Deal attracts largest SSA book since Feb ◆ Issuer follows usual pattern ◆ Strong macro, interesting RV
