Hungry Japanese mob French duo

摘要

BANQUE FEDERATIVE DU CREDIT MUTUEL and SOCIETE GENERALE found no shortage of Japanese appetite for their Samurai bonds last week, despite concerns that the two French banks would have to compete for investors' attention. BFCM raised ¥107.9bn (US$947m) in a three-tranche senior bond issue on Thursday, before Societe Generate raised ¥160bn a day later, also in three tranches, from a sale of senior non-preferred bonds.