Société Générale

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The IPOs of Philips Lighting and Maisons du Monde both reached successful conclusions on Thursday. Their books built gradually, which a banker said boded well for them to trade solidly when they are listed, unlike some recent soggy performers like Telepizza.

Société Générale has named a new head of DCM financial origination, a replacement for Sébastien Domanico, who left the firm in April.

Fnac held the bank meeting for its €1.35bn acquisition loan last week and aims to wrap up the deal by early June, according to a banker on the deal.

Qatar National Bank will increase its loan from €1.5bn to €2.25bn, according to a banker close to the deal and top tickets receive all-in pricing of 126.7bp, according to a second banker.

China Development Bank has opened books for a dual-currency, triple-tranche offering, four months after the policy bank raised around $2bn from a similarly structured trade.

Monday's three primary deals underperformed in the secondary market, causing deal flow to strike a lighter tone on Tuesday, with two corporates issuing modestly sized offerings.

Equity and currency derivatives markets were ill-prepared for any major policy changes coming out of the G7 meeting this week, with prices reflecting low expectations of volatility. But even as the first day's session on Thursday passed without shocks, there was a growing sense that Friday could bring a bigger showdown.

China Development Bank has mandated leads to work on a dual-currency offering, while the Republic of Indonesia is set for a roadshow ahead of new euro-denominated notes.

New issue premiums in the European corporate bond market widened further on Monday , as all three issuers that printed paid elevated concessions for their deals.

Société Générale has announced several senior appointments to its South Korean business with Andrew Kim now helming the unit.

Zhejiang Geely Holding Group successfully priced its first international green bond on Thursday, keeping the momentum going for the asset class in China. The issuer opted for a standby letter of credit from Bank of China’s London branch in a bid to attract investors and cut its funding costs.