By Aleesia Forni
Virginia Beach, Jan. 15 - Societe Generale SA priced $1 billion of 5% 10-year notes at 225 basis points over Treasuries, according to an informed source.
The notes sold at the tight end of talk.
Pricing was at 99.093 to yield 5.117%.
BofA Merrill Lynch, BNP Paribas Securities Corp., Standard Chartered and Societe Generale were the joint bookrunners for the Rule 144A and Regulation S deal.
The financial services company is based in Paris.
| Issuer: | Societe Generale
|
| Amount: | $1 billion
|
| Description: | Tier 2 subordinated notes
|
| Maturity: | 2024
|
| Bookrunners: | BofA Merrill Lynch, BNP Paribas Securities Corp., Standard Chartered, Societe Generale
|
| Coupon: | 5%
|
| Price: | 99.093
|
| Yield: | 5.117%
|
| Spread: | Treasuries plus 225 bps
|
| Trade date: | Jan. 14
|
| Price talk: | Treasuries plus 230 bps area
|
| Distribution: | Rule 144A, Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
