Société Générale
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The additional tier one deal pipeline may have shuddered back into life earlier than expected this week as two banks announced roadshows following a rally inspired by inspired by dovish comments from European Central Bank president Mario Draghi. But volatility has since set back into the market and looks ready to test the asset class’s hardiness, writes Graham Bippart.
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Via Solutions Nord has issued a €429m private placement as part of the funding for a €600m extension of the A7 motorway in northern Germany.
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Concerns that there would be a dearth of additional tier one (AT1) deals ahead of the European Central Bank’s Asset Quality Review appear to be receding as Santander joins the pipeline, mandating leads for its second euro denominated AT1.
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Société Générale is seeing interest among macro hedge funds for outperformance options that pit a newly created Japan buyback index against the Topix Total Return Index.
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Landesbank Hessen-Thüringen (Helaba) tapped the three year leg of its dual tranche issue from May on Thursday morning, mirroring the syndication strategy it used to tap the deal’s seven year leg in July — aggressive pricing and doubling the size of the issue.
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UBS hires for FIG DCM - Hentschel quits SocGen - First Gulf poaches Aissaoui - Saini departs Morgan Stanley - Karwelies joins UBS from BAML
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Société Générale’s chief economist for Asia Pacific has taken on the additional role of head of research for the region.
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Société Génerale has lost an experienced loans sales specialist from its London-based team overseen by Richard Hill, global head of loans sales and trading.
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Wugang Trading has issued allocations for its $150m three year bullet loan that launched into syndication in July. The loan, which was led by Standard Chartered and came backed by a guarantee from Industrial and Commercial Bank of China, saw 17 lenders join during syndication.
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Société Générale’s chief economist for Asia Pacific has taken on the additional role of head of research for the region.
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Spanish private hospital operator Grupo Hospitalario Quirón shrugged off the demands of a strong lender’s market this week, in a €2.15bn deal that recalled the weight of CVC’s reputation among investors.