Societe Generale Sells Y70 Billion Three-Tranche Debut Samurai Bond

Date : 11/22/2012 @ 4:24AM
Source : Dow Jones News
Stock : Societe Generale Eur1.25 (GLE)
Quote : 46.085  0.0 (0.00%) @ 12:16AM
Societe Generale Eur1.25 share price Chart

Societe Generale Sells Y70 Billion Three-Tranche Debut Samurai Bond

Societe Generale Eur1.25 (EU:GLE)
Historical Stock Chart

5 Years : From Jun 2012 to Jun 2017

Click Here for more Societe Generale Eur1.25 Charts.
   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

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:43 V:us D:20170626 05:23:00