Eurobank confirmed on Wednesday that it raised €600 million through a seven-year green senior preferred bond, with the final order book reaching approximately €1.4 billion. ^[1] Goldman Sachs downgraded French lender Societe Generale to 'neutral' from 'buy' in a research note dated 2026-09-01, citing expected higher investment spending in the bank's Global Markets business that would pressure operating leverage. ^[2] Eurobank priced the transaction at a credit spread of 98 basis points, which was significantly below the initial indication of 125 basis points. ^[3] The final demand represented an oversubscription of about 2.5 times, according to Eurobank, with more than 65 investor accounts participating in the book-building process. ^[4] The new fixed-rate green senior preferred notes carry a 4.125 per cent annual coupon and mature on September 8, 2033. ^[5] Goldman Sachs analysts forecast Societe Generale's 2029 net income of €7.3 billion, about 5% below the €7.6 billion consensus, and a return on tangible equity of 13.6%. ^[6] Goldman Sachs analysts said they expect Societe Generale's cost-income ratio to reach 56% by 2029, compared with a 54% consensus, as the bank invests in building a larger Prime Services business within Global Markets. ^[7] Goldman Sachs cut its price target on Societe Generale to €80.50 from €90.75, implying 9.8% upside from the 2026-09-01 closing price of €73.29. ^[8]