Société Générale
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Suhyup Bank priced a new five year bond on Wednesday, with investors taking advantage of the rare Korean paper which received an orderbook that was eight times oversubscribed. -
Icade, the French listed property company partly owned by Caisse des Depots et Consignations, returned to the bond market on Wednesday with a €500m no-grow seven year bond that was five times oversubscribed.
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While the focus in euros this week may have been on Greece’s blowout return to the capital markets, two other issuers were able to sell successful trades of their own. The European Financial Stability Facility and Unédic breezed through seven year trades, though syndicate bankers worry that a quiet patch lies ahead with few agencies keen to issue.
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Caisse Francaise de Financement Local (Caffil) mandated and priced a €500m tap of its October 2028 covered bond on Tuesday, doubling the size of the deal to €1bn.
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Romania has picked four banks from its primary dealer list to lead manage a euro-denominated bond, according to two sources away from the deal.
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The opportunity to invest in covered bonds that offer a triple digit spread over mid-swaps are few and fast disappearing. It was therefore likely that Banca Monte dei Paschi di Siena, which sold a €1bn seven year bond this week, would attract one of the highest oversubscriptions of any covered bond for a deal of its size.
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Carl Bassili has joined Société Générale as a senior coverage banker in charge of global relationships and strategic advisory for a portfolio of large French corporates.
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Icade, the French property company owned by Caisse des Depots et Consignations, returned to the bond market today with a €500m no-grow seven year bond that was five times oversubscribed.
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PSA Peugeot Citroën has signed a €3bn dual tranche loan to refinance early a loan maturing in 2015.
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Suhyup Bank, Korea Land and Housing and Japan's Mizuho Bank have launched new deals.
