Société Générale

Vereker goes to JP Morgan — SG picks new CEEMEA DCM head — Goldman names new cross markets head

Vakifbank printed its $750m 5.25% 2025s on Wednesday from a book that reached higher than $4.3bn at its peak, but the note was seen below re-offer in London’s secondary market on Thursday morning.

Société Générale has appointed a new head of debt capital markets for central and eastern Europe, the Middle East and Africa, to replace Cécile Camilli.

Development Bank of Kazakhstan (DBK) is embarking on a roadshow to market a tenge-denominated Eurobond.

Turkey's Vakifbank has released initial price guidance for a dollar benchmark, with the intention of printing the deal later on Wednesday.

Intermediate Capital Group, the UK alternative asset manager rated BBB by Fitch, is in the market for a seven year euro bond on Tuesday, according to two bankers away from the deal.

Société Générale has mandated leads for a green covered bond, the second to be issued under its Positive Impact framework. At the same time Sparkasse Pforzheim Calw is due with a sub-benchmark Pfandbrief.

Czech lottery firm Sazka ventured into the euro high yield market again this week, issuing €300m of seven-year senior unsecured notes. The deal comes after Sazka made a successful debut in mid-November.

Telefonica, the Spanish telecommunications company, issued senior and hybrid bonds in euros on Monday. While it picked a horrendous day for markets for its offer, Telefonica still managed to pay small or negative price concessions relative to its secondary curve.

Eight financial institutions combined to raise €6.25bn of senior funding in the euro market this week, with supply volumes expected to drop off briefly for earnings season before ramping back up again in early February.

Three CEE banks announced new bond issues this week. Armenia's Ardshinbank has printed a $300m five year bond, Credit Bank of Moscow sold a $600m five year and Sovcombank, another Russian bank, has released plans for a roadshow.

Romania sold €1.4bn 2% 2032s and €1.6bn 3.375% 2050s on Tuesday, managing to get away half of the country’s €6bn funding target for 2020 in one swoop.