France

There is hope for next year after a disappointing year for French equity capital markets

Real estate borrowers continue to find market access in winter rally

Bank of America was the sole bookrunner on the €70m sale of Soitec shares on Thursday night

Busiest November in years ends with a bang

Investment grade corporates keep piling into euros

Covivio and Realty Income Corp put out impressive trades

Shares in the French game publisher fell more than 8% after the convertible and delta placed

Retail bid to the rescue as central bank bows out

◆ French insurers offer the two most desired elements in FIG ◆ Deal prices with 10bp NIP and large oversubscription ◆ More subordinated issuance may follow as market is very strong

◆ French insurer Coface prepares 10 year tier two bullet after Banco BPM restarts AT1s in euros ◆ Strong uptake for lower tier issuers' credits as they offer higher yield ◆ More investors now looking at subordinated debt

Investment grade companies have been a major driver of convertible issuance in 2023

Alstom conceded defeat to the stockmarket this week and confirmed it may need a rights issue