Société Générale
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Banque Fédérative du Crédit Mutuel and Société Générale were both selling multi-tranche senior deals in the yen market this week, as the volume of Samurai bond issuance in 2018 surged past last year’s full year total. -
The Republic of Albania returned to the capital markets for the first time in three years on Tuesday, selling a euro benchmark.
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The Republic of Albania hit screens on Tuesday to print a €500m seven year no-grow and, in the face of strong demand, was able to pull in the spread.
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Société Générale became the first foreign bank to sell a Taiwanese dollar-denominated green bond on Tuesday, giving a fillip to the island state’s nascent green market.
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Shurgard Safe Storage, the largest self storage property company in Europe, has begun bookbuilding for its flotation on Euronext Brussels, with a price range that values the company at a premium to its closest peers
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Fears that European banks won’t use the call options on their tier two bonds are overdone, according to analysts at JP Morgan.
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Société Générale and Abanca both offered investors additional tier one notes this week. For the French bank, it was the second deal of the week.
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Eutelsat, the French satellite operator, overcame some strong negative sentiment around its sector to increase its latest corporate bond issue. This was not the first time the company had overcome a difficult environment to get a deal done.
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Société Générale has come to the market for the fifth time this month, looking to raise additional tier one capital in dollars. Initial price thoughts were seen as closer to fair value than for other recent AT1s.
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Energy and commodities trader Mercuria is back in the loan market for its annual fundraising, seeking a $1.1bn multi-tranche borrowing.
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Unédic drew large demand for its first 10 year euro benchmark of the year on Wednesday, allowing the issuer to considerably tighten its spread through pricing.
