Have you seen any good films recently? intrinsa epar Societe Generale was first to suffer the effects of thisrelative value turnaround when it struggled to convince accountsto buy into its aggressively priced EUR1bn 4% 10-year vanillaTier 2 bullet in May. The deal emerged only two weeks after UBSoffered nearly 150bp more for a USD1.5bn 10-year non-callfive-year low-trigger CoCo.
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