Societe Generale launches Italy-France credit linked certificate

The new certificate includes eight Italian and French firms and is aimed at Italian private investors.

Credit Linked Certificate Italia-Francia: Obiettivo 6% expands on the offer, already available on Euro TLX, of Credit Linked Certificate Grandi Imprese Italiane which was launched by Societe Generale earlier in June.

The new credit linked certificate is aimed at Italian retail investors with a minimum investment threshold of €1,000.

This product has also been developed by the Cross Asset Solution team, which is part of the Global Markets Italy’s division of the bank.

Italia-Francia: Obiettivo 6% aims at creating returns above the market’s average for bond products and diversifying credit risks by exposing the products to eight listed companies, six of which are Italian- Assicurazioni Generali, Fiat, Intesa Sanpaolo, Mediobanca, Telecom Italia and UniCredit, and two French – Air France and Peugeot.

The new product is already available on Euro TLX with access to daily liquidity.

Roberto Pecora, head of Italy’s global markets division at Societe Generale, said: “Societe Generale is always looking at creating innovative products to increase return and diversification opportunities.

“Italia-Francia: Obiettivo 6% offers annual revenue 2% higher compared to a BTP, Italian government bonds, with the same expiry date.”

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