SociÃÂ©tÃÂ© GÃÂ©nÃÂ©rale is paying considerably lower underwriting fees as a proportion of its €4.7bn ($6.9bn) rights issue than French rival BNP Paribas, which last week launched its own offer, in a sign that competition is returning for equity capital markets business.

SociÃ©tÃ© GÃ©nÃ©rale will pay a total of €93m in fees on its €4.7bn share offering, announced this morning.

 Radi Khasawneh

Harry Wilson 

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