Société Générale
-
Issuer prices deal with 2bp-3bp of concession but views divided on fair value
-
Luxembourg-based supranational completed over a third of its annual funding in a single deal
-
The sovereign chose a 15 year tenor despite peers demonstrating demand for even longer debt
-
Sovereign issuer pays lower concession than on January syndication
-
Limited issue size and the floating rate lure investors to the pre-CPI deal in an otherwise quiet day for FIG issuance
-
French firm’s latest deal the biggest senior Swiss franc bond from the country since 2010
-
With covered bond new issue premiums in decline, French banks issued short and long dated tranches as more issuers prepare to print
-
Deals show investors’ constructive sentiment
-
Almost €4bn of orders allowed ANZ to land its labelled subordinated deal through fair value
-
Spanish telco lands inside fair value with the year’s hottest bond structure
-
Wise early refinancing means many issuers do not need to borrow
-
Electric company goes as far as 30 year but deal shows small signs of waning demand for ultra-long corporate debt