SG has been selected as joint bookrunner with Dresdner Kleinwort Wasserstein for a €550m ($654m) convertible bond from Linde, the forklift truck manufacturer. It is the first win by the French bank of a German equity-linked deal.

Linde has launched a five-year bond convertible with a coupon of between 1% and 1.35% and a conversion premium of 22.5% to 27.5%.