SocGen brings back structured credit
The French bank is offering a credit-linked note to retail investors in Singapore.
Societe Generale and Standard Chartered are banking on revived interest in structured credit with the launch of a new retail note in Singapore.
The S$100 million $73 million five-year programme is structured as a first-to-default basket linked to sovereign bonds from China, Thailand, Korea and Malaysia, and quasi-sovereign bonds sold by the State Bank of India. The Emerging Asia Retail Notes are issued by Societe Generale and distributed solely by Standard Chartered.
All of the names referenced in the basket...
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