Société Générale
-
HSBC and Société Générale both saw their AT1 deals rise to trade at or above par on Wednesday, after suffering initial drops on the secondary market. -
Société Générale navigated a change in market sentiment on Tuesday when pricing its latest dollar additional tier one (AT1). Softer markets meant the issuer was forced to offer a premium over rival bank bonds.
-
The holding company of French motorway operator Société des Autoroutes du Nord-Est de la France, Holding d’Infrastructures de Transport, printed a €200m tap on Tuesday as the primary market remained quiet.
-
The dollar market has burst into life after post-Fed with three European issuers tapping the currency in two days as the euro market drifts without direction.
-
Societe Generale has released details of the two appointments created by the internal move of its head of Europe, Middle East and Africa structured finance and loans syndication to another position.
-
Commodities trader Mercuria is back in the market for its annual refinancing, launching a $900m triple tranche revolver into general syndication late last week.
-
The Federal Reserve backed away from its first rate rise in nearly a decade due to concerns about a weak global economy, with talks now moving to a potential hike at the end of the year. Market observers in Asia reckon it’s time to move away from the Fed and focus on concerns closer to home.
-
-
ING has hired an experienced salesperson to help coordinate the development of its high yield business in London.
-
The euro market is set to outshine dollars in the coming weeks, a pair of issuers showed this week as they demonstrated the depth available at the long end of the curve.
-
Grupo Villar Mir, the family holding company of Juan-Miguel Villar Mir, went head to head with Glencore’s $2.5bn capital raising on Tuesday night, but suffered nothing from the clash, as it sold a 2.36% stake in Abertis Infraestructuras, the toll roads and telecoms infrastructure group.
-
Sanofi, the French pharmaceuticals company, priced a €2bn three tranche bond on Monday amid heavy supply in the European corporate bond market.
