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Societe Generale to Stabilize AT&T Bond Offering Amid Market Conditions
Societe Generale has been appointed as the Stabilisation Coordinator for AT&T's recent bond offering, which totals EUR 2.75 billion across three tranches maturing in 2030, 2033, and 2037. Stabilization activities may begin immediately and are intended to support the market price of the bonds until April 30, 2025. These securities are not available for sale in the U.S. and are aimed at professional and qualified investors in the UK and European Economic Area.
societe generale initiates significant share buyback program to enhance shareholder value
Societe Generale has initiated a share buyback program worth EUR 872 million, aimed at canceling shares, with 48% completed as of March 14, 2025. The buybacks, conducted from March 10 to 14, comply with regulatory conditions and are executed on Euronext Paris. The liquidity contract with Rothschild is temporarily suspended during this period.
Societe Generale initiates bond stabilization for Sandoz securities offering
Societe Generale has announced its role as the Stabilisation Coordinator for Sandoz's recent bond offering, which features a 4% yield and a total nominal amount of EUR 500 million, maturing on March 26, 2035. Stabilization activities may begin today and are expected to last until April 25, 2025, allowing for potential market support. The offering is directed at professional investors outside the UK and is not available for sale in the United States.
Societe Generale initiates bond stabilization for American Honda Finance Corp
Societe Generale has commenced a stabilization period for American Honda Finance Corp’s newly issued bonds, which will last until April 18, 2025. The French bank, acting as the stabilization coordinator, will manage market support activities for bonds maturing in 2029 and 2032. These securities are not registered under the U.S. Securities Act of 1933 and will not be offered in the U.S. without proper registration or exemption.
societe generale discloses significant position in dowlais group securities
Societe Generale SA disclosed its positions in Dowlais Group PLC, indicating interests and short positions in relevant securities. The report includes details on any dealings, rights to subscribe for new securities, and any agreements related to options or derivatives. No indemnity arrangements or understandings were reported.
societe generale discloses significant position in international distribution services plc
Societe Generale SA disclosed its positions in International Distribution Services plc, indicating interests and short positions in relevant securities. The report includes details on any dealings, rights to subscribe for new securities, and arrangements related to options or derivatives. Public disclosures must comply with the Takeover Code and are submitted to a Regulatory Information Service.
Societe Generale discloses significant position in International Distribution Services plc
Societe Generale SA disclosed its position regarding International Distribution Services plc, indicating interests and short positions in relevant securities. The report includes details on any dealings, rights to subscribe for new securities, and any agreements related to options or derivatives. Public disclosures must comply with the Takeover Code and are submitted to a Regulatory Information Service.
analysts adjust ratings and price targets for several european companies
Securities analysts have revised ratings and price targets for several European companies. Notable changes include JP Morgan raising Lloyds' target price to 62p and upgrading Societe Generale to overweight, while Citigroup increased Verbund's target to EUR 64. Other adjustments include Stifel raising Vusiongroup's target to EUR 215 and UBS cutting KGaA's target to EUR 28.2.
raiffeisen bank profits from russian firms linked to military supply chains
Raiffeisen Bank's Russian unit has facilitated transactions for firms supplying materials to Russia's military, generating significant profits despite sanctions. Documents reveal that Unichim, a chemical company, provided acids for military systems, while Raiffeisen processed payments linked to sanctioned entities. The bank faces pressure to exit Russia amid regulatory scrutiny, yet it remains entangled in the war economy, accumulating stranded capital.
ubs expands sales team in japan to target regional banks
UBS Group AG has strengthened its presence in Japan by hiring three sales professionals to enhance its offerings of high-yield structured investments and tailored derivative products to local financial institutions. This move reflects the growing competition among international banks to attract talent with strong connections to regional banks, which are seeking innovative solutions amid rising domestic interest rates. The new hires, including former HSBC banker Shuhei Sanada, will focus on expanding client relationships and providing a range of financial products.
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