Societe Generale gets OK to add call option to floaters issued in 1985

By Wendy Van Sickle

Columbus, Ohio, April 29 – Societe Generale said holders of its €61,906,801 outstanding of its €348 million of undated deeply subordinated floating-rate notes (ISIN: FR0000585564) approved modifying the terms of the notes to add an option for the issuer to call the notes at par plus accrued interest from anytime starting July 1, according to a news release.

The issuer will pay holders a resolution fee of 5 basis points on or around July 1.

The notes were issued in June 1985.

Societe Generale is a Paris-based banking and financial services company.

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