Societe Generale Launch Credit Linked Notes

Alexander Justham, CEO of London Stock Exchange plc, hosted the market open ceremony welcoming Societe Generale’s decision to launch the CLN programme on London Stock Exchange’s markets, and making the notes available for trading on the order book, which will bring enhanced secondary market liquidity and transparency for these instruments.

The SG Credit Linked Notes (‘CLN’) are designed to provide professional investors (within the meaning of MiFID) with liquid, flexible and efficient access to credit markets.  Our CLNs aim to deliver regular income over their investment term and a return of capital at maturity. Such coupon payment and the repayment of the capital at maturity are linked to the credit worthiness of either a single corporate credit, a financial credit or a basket of different credits. 

“We are excited to bring our Credit Linked Note offering to the LSE’s Order Book For Fixed Income Securities.  The listing of Credit Linked Notes on the LSE is a natural extension to help further develop the listed credit market.”  Ryan Rogowski, Head of Asset Manager Solutions Group, Societe Generale Corporate & Investment Banking.  

“Credit Linked Notes offer an alternative to standard fixed income securities as they can be tailored to meet the needs of Professional Investors (within the meaning of MIFID), particularly in accessing credits that may not be available in GBP and in small denominations.”  Helene Schmitt, Head of Credit Pricing London, Societe Generale Corporate & Investment Banking.