Investment Grade USD Bond

This is the few investment grade, relatively shorter term maturity, USD bond that is still paying more than 4% yield to maturity:

Societe Generale 4.25% 19Aug2026

Price: 100.50
Yield to maturity: 4.18%
Ccy: USD
Moody's: Baa3
S&P: BBB
Fitch: A-

Societe Generale is the 2nd largest French bank in terms of market capitalisation.

Societe Generale is a bank that remains profitable for the past years, including crisis years like 2008 & 2009. 
=> We like to buy into bond issuer that are proven to be resilient even in bad times.

Comments from Moody's:
Paris, August 23, 2016 -- The five largest French banks - BNP Paribas, Societe Generale, Groupe Credit Agricole, Groupe BPCE and Credit Mutuel - have reported a total net profit of €13.6 billion as of June 2016 -- 8% higher than in June 2015 -- driven by a low cost of risk and positive one off items.





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