By Cristal Cody
Tupelo, Miss., Sept. 10 – Societe Generale SA priced $1.75 billion of senior medium-term notes (Baa2/A/A) in two tranches on Monday, according to a market source.
The company sold $1 billion of 4.25% five-year notes with a spread of Treasuries plus 145 basis points.
Price guidance on the notes was in the Treasuries plus 145 bps area, plus or minus 5 bps.
A $750 million tranche of 4.75% 10-year notes priced at a Treasuries plus 185 bps spread, compared to guidance in the Treasuries plus 185 bps area, plus or minus 5 bps.
Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC and Societe Generale CIB were the bookrunners.
Societe Generale is a Paris-based banking and financial services company.
| Issuer: | Societe Generale SA
|
| Amount: | $1.75 billion
|
| Description: | Senior medium-term notes
|
| Bookrunners: | Barclays, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, RBC Capital Markets LLC and Societe Generale CIB
|
| Trade date: | Sept. 10
|
| Ratings: | Moody’s: Baa2
|
| S&P: A
|
| Fitch: A
|
| Distribution: | Rule 144A/Regulation S
|
|
|
| Five-year notes
|
| Amount: | $1 billion
|
| Maturity: | Sept. 14, 2023
|
| Coupon: | 4.25%
|
| Spread: | Treasuries plus 145 bps
|
| Price guidance: | Treasuries plus 145 bps area, plus or minus 5 bps; initial price talk at Treasuries plus 155 bps area
|
|
|
| 10-year notes
|
| Amount: | $750 million
|
| Maturity: | Sept. 14, 2028
|
| Coupon: | 4.75%
|
| Spread: | Treasuries plus 185 bps
|
| Price guidance: | Treasuries plus 185 bps area, plus or minus 5 bps; initial price talk at Treasuries plus 195 bps area
|
© 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.
