Societe Generale Sells Easy-to-Trade Credit-Tied Notes in London
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Societe Generale SA plans to regularly offer credit-linked notes that can be traded on the London Stock Exchange after listing 25 million pounds ($37.9 million) of the securities last year.
The French lender sold fixed-to-floating rate notes, which are tied to the bonds of Marks & Spencer Plc, in 100-pound increments on Nov. 12, though publicized the listing only last week. Investors can buy and sell the notes during trading hours on the U.K. bourse “just like a share,” according to a Jan. 15 release from the bank.