SG has launched a €650m ($588.9m) convertible bond for Arcelor, the European steel company, alongside Deutsche Bank, which should take the French bank to the top of the league table for bookrunners of European equity-linked issues.
Schroder Salomon Smith Barney (SSSB) is currently in the number one spot, according to Dealogic, the investment banking research firm. SSSB has raised €2.69bn so far this year in the European equity-linked market while SG is just behind in second place with €2.68bn.