The Chinese group's first bond issue in euros was heavily oversubscribed ” 29 I SOCIÉTÉ GÉNÉRALE 2013-2014 ESPRIT D’ENTREPRENDRE 29 I SOCIETE GENERALE 2013-2014 ENTREPRENEURIAL SPIRIT CRITEO’S NASDAQ IPO It had been 13 years since a French business was added to the NASDAQ before Criteo achieved this distinction in October 2013. Founded in 2005, the technology company specialises in retargeting, allowing retailers to display online advertisements based on user profiles. It raised $288 million on the world's second-largest stock exchange. The only French bank to advise it, Societe Generale served as co-manager of the IPO. In this role, it was one of the banks tasked with the listing procedure, the release of public information and, most importantly, contacting large investors in order to determine an appropriate share price. PARTNERSHIP THE SPEAR SOCIAL CROWDFUNDING PLATFORM The environmentally responsible day-care centre soon to be opened by TRIBUverte in Poissy, France, is the first beneficiary of Societe Generale's partnership with the SPEAR ("Company for Actively Responsible Savings") crowdfunding platform, helping it raise €250,000 in 2013. SPEAR is intended for savers who want to invest in solidarity-based, cultural or environmental projects without taking risks. Its model combines traceabiity, the simplicity of crowdfunding and the bank’s expertise and financial guarantees. Its platform matches associations or businesses in search of a loan with savers who can choose to support a particular project. The collected funds are then deposited with the bank in the form of a term deposit with a reduced interest rate. The bank then grants an equivalent loan to the project initiator at a rate that is also discounted and bears the risks of the transaction. Applications are evaluated by SPEAR on both an ethical and an economical basis and then their financial viability is reviewed by the bank. FIRST EURODENOMINATED BOND ISSUE FOR SINOPEC Societe Generale helped Sinopec, China's largest integrated oil and gas group and a longstanding client, with its first issue of bonds priced in euros. Societe Generale Corporate & Investment Banking served as global coordinator and joint bookrunner for a multi-currency issue in the amount of $3.5 billion, which at the time was the largest ever for a Chinese company. It included a €550 million tranche with a seven-year maturity. The transaction was heavily oversubscribed. ” www Read more www.spear.fr
ACTIVITY_REPORT_20132014_UK
To see the actual publication please follow the link above