Société Générale

Imerys, the French industrial minerals supplier, tapped its 2.5% November 2020 bond for €100m ($124.34) and issued a new €500m 10 year on Wednesday.

Whether or not the European Central Bank announces a programme of sovereign quantitative easing at its next meeting on Thursday or — as many analysts predict — in the first quarter of next year, eurozone countries are already taking advantage of the plummeting borrowing costs generated by the expectation of central bank action.

Société Générale's insurance subsidiary Sogecap is looking to sell a euro denominated perpetual subordinated bond in the near future.

After many days in which bankers have wondered why more sellers were not bringing block trades to what are very strong equities markets, today a burst of deals hit the screens.

Imerys, the French industrial minerals supplier, has mandated six banks for a tap of its 2.5% November 2020 bond and a new 10 year benchmark issue.

French supermarket group Groupe Casino priced a €650m ($514.37m) 10.2 year bond on Tuesday, its third issue of the year. But its credit spreads have widened a little since its last deal on July 30.

Publicis, the French advertising and PR firm, has mandated BNP Paribas and Citi to arrange a roadshow on Friday for a possible euro bond. The proceeds will be used as part of the funding for Publicis’s $3.7bn all cash acquisition of US company Sapient, announced on November 3.

Spie, the French engineering and communications firm, gave price guidance for its €911m loan at a London bank meeting on Monday.

Heavy demand for Unitymedia's €785m bond issue on Tuesday turned it into a €1bn and $550m offer that still left some investors wanting more.

Syndication for the $3.2bn portion of Tata Steel’s $5.6bn borrowing has seen about 13 banks join with nearly $940m in commitments, said a banker. Allocations for the deal are due to be out soon.

Société Générale has appointed Jan Rekowski as head of equity capital markets in Poland, as it seeks to develop its brokerage activities on the Warsaw Stock Exchange.

Pelabuhan Indonesia II’s $1bn loan that opened into general syndication in October, has attracted commitments worth $1.298bn from 45 banks.