By Cristal Cody
Chicago, June 8 – Societe Generale priced $1.25 billion of 6.221% tier 2 subordinated notes with an 11-year tenor on Wednesday, according to a market source.
The notes priced with a spread of 320 basis points over Treasuries versus talk in the 340 bps area.
The company also priced $1.4 billion of senior preferred notes in two parts on Wednesday.
Bookrunners for the notes are Societe Generale, BofA, Citigroup, JPMorgan and RBC.
The investment banking company is based in Paris.
| Issuer: | Societe Generale
|
| Amount: | $1.25 billion
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| Issue: | Tier 2 subordinated notes
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| Maturity: | June 15, 2033
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| Bookrunners: | Societe Generale, BofA, Citigroup, JPMorgan and RBC
|
| Coupon: | 6.221%
|
| Spread: | Treasuries plus 320 bps
|
| Call features: | 10 years
|
| Trade date: | June 8
|
| Price talk: | Treasuries plus 340 bps area
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