Société Générale
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French agency is keen to issue €4bn-€5bn of green and social bonds next year
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More SSAs eye deals but new week is set to be quieter than last
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◆ French bank issues SP yen bonds for the first time in at least four years ◆ Deal attracts investors previously unable to buy ◆ May form a template for other European banks
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The public sector’s rush to raise dollars is set to continue on Wednesday
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KBN, OeKB, Rentenbank and AFD to tap currency amid uncertainty in euros
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Bankers thought new deal as ‘very successful’ though ‘volatility concession’ was needed
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New week, new challenge as war in the Middle East adds to uncertainty
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◆ ALD expands after buying LeasePlan ◆ New deal dwarfs previous issues from either company ◆ Investors show support with €2.8bn of orders
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◆ SocGen is still majority owner but no longer has full ownership ◆ Deal will be two and five year senior preferred
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Italy government bond yields shot up on concerns of widening fiscal gap
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Investors spying peak rates are packing the new issue market, tempting issuers to accelerate