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.
=> 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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