Société Générale
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A pair of agencies are set to tackle the belly of the euro curve, following a five year euro benchmark from European Stability Mechanism that left the supranational with just €2bn left to fund in 2015. -
Socially responsible investors received a fresh menu of bonds on Monday, with a borrower announcing an inaugural climate bond, a regular SRI issuer entering a new currency and an agency returning to its sustainability format.
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A supranational issuer has nipped in to mandate for a dollar deal before a meeting of the US Federal Reserve’s Federal Open Market Committee later this week.
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China General Nuclear Power Corp (CGNPC) is eyeing the dollar bond market for the second time this year, having mandated banks to work on investor meetings.
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Credit Suisse won praise from equity capital markets bankers this week for a neat two-step plan to raise Sfr6bn of new capital, as part of a complete new strategy for the bank, announced by CEO Tidjane Thiam in a marathon series of conference calls on Wednesday, writes Jon Hay.
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The IPO of Amundi, Europe’s largest asset manager, began on Monday with the launch of investor education for a deal that is likely to top €1bn.
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Dongfeng Motor Group made a successful offshore debut with a euro-denominated bond this week, which is expected to provide a benchmark for Chinese auto companies eyeing euro notes.
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Credit Suisse has picked Citigroup, HSBC and Société Générale to underwrite its Sfr4.7bn rights issue, which will follow a private placement of Sfr1.35bn to anchor shareholders.
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Province of Quebec has printed the first euro benchmark from a Canadian SSA since Ontario pulled a deal earlier this month. Though subscribed, the €750m 10 year deal was not the blowout bankers were hoping for and is indicative of a tough market environment.
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South Korea’s Woori Bank, which sent out a request for proposals for an offshore bond earlier this month, has hired banks to arrange meetings with investors.
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Dongfeng Motor Group is set to make its debut in the euro-denominated bond market on Tuesday, as the company aims to raise proceeds to pay back part of a bridge loan in the currency.
