We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Societe Generale SA | EU:GLE | Euronext | Ordinary Share |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.34 | -5.18% | 24.455 | 24.40 | 24.55 | 27.36 | 24.10 | 26.825 | 14,137,526 | 02:01:07 |
By Natasha Brereton-Fukui
SINGAPORE--French bank Societe Generale has sold a 70 billion yen ($849 million) three-tranche yen-denominated bond, according to a term sheet seen by Dow Jones Newswires on Thursday, marking its first-ever foray into the samurai market.
The bank priced a Y23.8 billion two-year bond at par to yield 0.90%, a Y39.7 billion three-year bond at par to yield 1.00% and a Y6.5 billion five-year bond at par to yield 1.11%.
The yields equate to 60 basis points, 70 basis points and 75 basis points over the comparable offer-side yen swap rates.
The market for samurai bonds--yen-denominated debt sold by non-Japanese companies and governments--has attracted greater attention in recent months, as issuers have sought to broaden their sources of funding and as European lenders have retrenched amid the crisis.
Japanese investors have also increased their exposure overseas, after last year's earthquake disaster highlighted the dangers of holding too great a proportion of their portfolios domestically, and as they have sought higher returns on their investments.
Mitsubishi UFJ Morgan Stanley Securities, Nomura Securities and SMBC Nikko Securities were joint lead managers on the deal.
Write to Natasha Brereton-Fukui at natasha.brereton-fukui@dowjones.com
1 Year Societe Generale Chart |
1 Month Societe Generale Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions