Société Générale

First euro covered bond long than 10 year for a year deemed ‘very successful’

Banks push longer and tighter but investors keep coming back for more

◆ Senior non-preferred deal underlines how popular sterling credit is ◆ SG adds duration but pays above euros ◆ New deal boosts diversification drive after $5bn Yankee

◆ Foreign quartet prices $9.25bn across the capital stack in three days ◆ SocGen joins the post-CPI flow on Thursday ◆ US money-center banks expected to unleash issuance after earnings

Société Générale becomes fourth issuer to launch senior FRN in euros this year

Labelled bonds could address dire need to create safe, productive water systems

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

Promotion follows Felix Orsini moving to new job

Short end demand wanes as investors adjust to 'peak rates' narrative

◆ Strong market sentiment backs new deal and potential FIG issuance as spreads tighten ◆ Views on NIP differ but SG's outcome was unanimously 'very good' ◆ Austrian and Australian issuers on the way

Investors pounce on Société Générale and UBS sales after yields rise, then rates rally to soothe fears

◆ First AT1 for nearly two months after volatility ◆ Priced flat to or inside fair value ◆ Head of funding says deal could have been bigger