Société Générale

Puma Energy, the emerging markets-focused oil products firm, held a well attended bank meeting for its new refinancing loan facility on Wednesday.

Slovenia shaved another few basis points off its euro curve with a €2bn dual tranche bond issue this week. The sovereign’s well timed transactions in dollars and euros have helped some of its existing notes rally by almost 10 cash points in just two months, reflecting investors’ increasing confidence in Slovenia.

Investors are sinking their teeth into subordinated FIG debt this week, with insurance company NN Group and BBVA both bringing in big books for their deals.

Slovenia drew almost €10bn of orders for a long three year and seven year euro bond issue on Tuesday, which catered to investors comfortable with duration and those more concerned about rates.

Société Générale relaunched its euro additional tier one capital issue on Friday, after postponing it earlier in the week when it became aware of an imminent report from Fitch regarding the bank.

Hedge fund investors and some asset managers are entering short-dated puts and put spreads on the Nikkei 225, targeting strikes between 14,000 and 14,800.

China’s Dongfeng Motor Corp, which said in February that it was acquiring a 14% stake in French company Peugeot Citroën, is expected to sign a €830m ($1.14bn) club loan this week, according to a banker.

Alexandre Werno, senior adviser to the general manager at Fortune SG Fund Management in Shanghai, has been promoted to executive vice general manager as the firm looks to expand into index-linked offerings in China.

After a two week hiatus, the additional tier one market has rebooted with Italy’s debut AT1 issuer UniCredit printing a $1.25bn trade at 8% — a level that partly reflects a new equilibrium in the asset class, after investors pushed back over successively tighter and tighter prints.

Two UK building societies took to the euro market this week, with Nationwide and Leeds Building Society selling senior debt. Both issuers fell victim to a weak tone, with Leeds’ bonds struggling in the secondary market and Nationwide failing to reach its maximum size ambitions.

Airbus Group, also known as the European Aeronautical, Defence and Space Co, was cheered by investors on Tuesday on its return to the euro bond market for the first time for five years.

Exxelia-Eurofarad, the French maker of filters and sensors, has raised €175m of loans to refinance debt and pay a dividend to its shareholders.