Société Générale
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Groupe SEB, the unrated French domestic appliances manufacturer, pulled in a €2.5bn order book for a €500m no-grow bond on Wednesday. -
Société Générale launched a €500m no-grow five year green bond on Wednesday, following ING Bank’s lead yesterday and landing near flat to its regular senior curve.
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Public sector borrowers are putting the final touches to their funding programmes for the year amid stable market conditions, but there are few signs that any will pre-fund for 2016 in large size.
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Santander UK was set to take home €1bn of five year operating co senior debt after a swift execution on Wednesday, with its slim new issue premium boding well for borrowers looking to grab funding before year end.
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Financial institutions have begun a final push for funding as year-end approaches, with investors still looking to boost returns with higher beta purchases.
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AP Moeller-Maersk, the Danish shipping conglomerate, has raised its first benchmark euro bond since issuing a profit warning in October, a €600m seven year trade.
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ING Bank was able to price its debut euro green bond inside its regular senior curve on Tuesday, with bankers estimating a very slim premium for the well subscribed trade.
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Société Générale has transferred Sylvie Leclercq from Europe to Hong Kong to head up the French lender’s export finance unit in the city.
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US corporate bond issuance in Europe - so-called reverse Yankee bonds - has steadily regained strength this autumn and could be followed by issuers from elsewhere in the world selling euro bonds.
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The Republic of Cameroon’s $750m 9.75% amortising dollar 2025s were bid around a point lower than reoffer on Monday morning, as lead managers Société Générale and Standard Chartered Bank released book statistics for the trade.
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Korea Housing Finance Corp (KHFC) has returned to the offshore debt market with its first covered bond in more than two years, with strong demand allowing the issuer to achieve its pricing and diversification aims.
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The green bond market was home to a pair of firsts this week, as one seasoned issuer sold its first ever bond in any format at a tighter spread to US Treasuries than mid-swaps, and another made its debut in the SRI format.
