By Aleesia Forni
Virginia Beach, April 4 – Societe Generale priced $1.25 billion of five-year senior notes (A2/A) on Monday in two tranches, according to a market source.
The sale included $750 million of 2.5% five-year notes sold at Treasuries plus 130 basis points. The notes were issued at a price of 99.925 to yield 2.516%.
Also, $500 million of five-year floaters sold at par to yield Libor plus 133 bps.
Both tranches sold at the tight end of revised price talk.
Proceeds will be use for general corporate purposes.
Societe Generale was the bookrunner.
The financial services company is based in Paris.
| Issuer: | Societe Generale
|
| Issue: | Senior notes
|
| Amount: | $1.25 billion
|
| Bookrunner: | Societe Generale
|
| Trade date: | April 4
|
| Ratings: | Moody’s: A2
|
| Standard & Poor’s: A
|
| Distribution: | SEC registered
|
|
|
| Five-year notes
|
| Amount: | $750 million
|
| Maturity: | April 8, 2021
|
| Coupon: | 2.5%
|
| Price: | 99.925
|
| Yield: | 2.516%
|
| Spread: | Treasuries plus 130 bps
|
| Price guidance: | Treasuries plus 135 bps area
|
|
|
| Five-year floaters
|
| Amount: | $500 million
|
| Maturity: | April 8, 2021
|
| Coupon: | Libor plus 133 bps
|
| Price: | Par
|
| Yield: | Libor plus 133 bps
|
| Price guidance: | Libor equivalent to five-year fixed-rate notes
|
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