SocGen Said to Sell a Total of 1.75 Billion Euros of Notes
Societe Generale SA (GLE) is raising 1.75 billion euros from a sale of senior unsecured fixed- and floating-rate notes, according to a banker involved in the transaction.
The bank is selling 1 billion euros of floaters maturing in September 2013 that will be priced to yield 88 basis points more than Euribor, the banker said. The lender is also raising 750 million euros from fixed-rate bonds due in March 2017 that will price at 222 basis points more than the benchmark swap rate.
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