Societe Generale’s life insurance company Sogecap has issued €800 million in restricted Tier 1 perpetual notes. Perpetual notes have no maturity date, and are non-redeemable. For issuers, this vehicle allows for a lower upfront coupon...

UBS Asset Management’s Jonathan Gregory, head of UK fixed income, has posited the idea that European countries may at some point seek to mutualise their debt. Ironically, he notes that the more de-globalisation grows,...

Global building materials company James Hardie Industries has syndicated credit facilities totalling US$3.5 billion. The figure consists of a US$1 billion revolving credit facility and a US$2.5 billion senior secured Term Loan A. The latter...

Euronext has launched a €425 million offering of senior unsecured convertible notes, due 2032. Each bond will be issued at €100,000, and is expected to have a fixed coupon rate of 1.5% to 2%. These...