Societe Generale Project Bond Conference Reflects High Demand for Asset Class
NEW YORK, Jan. 15, 2013
NEW YORK, Jan. 15, 2013 /PRNewswire/ --Societe Generale Corporate &
Investment Banking hosted its first Project Bond Conference on Thursday,
January 10, in New York City, attracting over 100 investors. The strong
attendance by asset managers, insurance companies, supra nationals,
development banks and hedge funds demonstrated the current strong interest and
promising outlook for the market of bonds backing project finance deals.
In his welcoming remarks, Craig Overlander, CEO of the Americas for Societe
Generale, highlighted the significant growth prospects for the project bond
market. "The potential for this bond market is very large and fills an
important need for both issuers as the cost of capital rises due to the new
regulatory landscape and for investors looking for yield and diversification
in their portfolios."
Attendees heard from expert panelists including those from Societe Generale's
leading project bond team on subjects including current market trends,
challenges and prospects for the project bond market in 2013 and beyond.
Among the panelists were representatives from project bond issuers Mubadala
and Brookfield Asset Management; institutional investors Blackrock and AIG
Asset Management; and rating agencies Fitch, S&P and Moody's.
Multiple companies from the most active sectors in issuing project bonds were
present to discuss the project bond market with investors in interactive
roundtables co-chaired by Societe Generale's project finance specialists.
Erskine Bowles, who co-chaired the National Commission on Fiscal
Responsibility and Reform, and is the co-Founder of The Campaign to Fix the
Debt, provided the conference's keynote speech during lunch, discussing his
views on the principal challenges the U.S. faces in putting its fiscal house
"The purpose of this conference was to have key players in the project bond
universe together in one place to hear about and discuss the vast potential
for the project bond market to expand given the enormous demand for energy and
other infrastructure projects globally," said Duncan Scott, head of Societe
Generale's project bond
Societe Generale's project bond group draws upon its world class expertise in
energy and infrastructure finance as well as ratings advisory and is uniquely
positioned in all sectors to provide issuer and investor clients with the
leading project bond offering among corporate and investment banks.
Societe Generale is a leader in areas such as oil and gas, LNG, power,
renewables, transmission and infrastructure and has led groundbreaking project
finance deals in both the bank and bond markets in the last year, including
Sabine Pass LNG, Oaxaca wind farms, Ruby Pipeline and Dolphin Energy.
Societe Generale is one of the largest European financial services groups.
Based on a diversified universal banking model, the Group combines financial
solidity with a strategy of sustainable growth, and aims to be the reference
for relationship banking, recognised on its markets, close to clients, chosen
for the quality and commitment of its teams.
Its 160,000 employees based in 77 countries accompany more than 33 million
clients throughout the world on a daily basis. Societe Generale' teams offer
advice and services to individual, corporate and institutional customers in
three core businesses:
oRetail banking in France with the Societe Generale branch network, Credit
du Nord and Boursorama
oInternational retail banking, with a presence in Central and Eastern
Europe and Russia, in the Mediterranean basin, in Sub-Saharan Africa, in
Asia and in the French Overseas Territories
oCorporate and investment banking with a global expertise in investment
banking, financing and global markets.
Societe Generale is also a significant player in specialised financing and
insurance, private banking, asset management and securities services.
Societe Generale is included in the socially-responsible investment indices:
FTSE4Good and ASPI.
For more information, you can follow us on twitter @SocieteGenerale or visit
our website www.societegenerale.com.
Societe Generale Corporate & Investment Banking
At the core of Societe Generale's universal banking business model, the
Corporate & Investment Bank is a well-diversified and leading player with
nearly 12,000 professionals present in 33 countries across Europe, the
Americas and Asia-Pacific.
Standing by its clients across sectors, the Corporate & Investment Bank
tailors solutions for them by capitalising on its worldwide expertise in
investment banking, global finance, and global markets.
oFor Corporates, Financial Institutions and public sector: providing a
global advisory approach (M&A, debt, equity transaction, capital
structure, and asset & liability management), as well as quality capital
raising solutions across the debt and equity spectrum, optimised financing
and expert risk management responses notably in the realm of foreign
exchange and rates derivatives.
oFor investors: offering reliable and sound investment opportunities and
risk management solutions through its integrated global markets platform
delivering seamless access to markets (equity, rates, credit, currencies,
commodities and derivatives), as well as advice and solid financial
engineering, quality of execution and forward looking research across
SOURCE Societe Generale
Contact: Jim Galvin, Jim.firstname.lastname@example.org, +1-212-278-7131
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