Societe Generale SA (GLE) plans to sell senior sunsecured debt in two parts including 18-month floating- rate notes and five-year fixed-rate bonds, according to a person with knowledge of the transaction.
The 18-month floating-rate note may be priced at 90 to 95 basis points more than Euribor, the person said. The five-year bonds may yield about 225 basis points more than the benchmark mid-swap rate. SocGen is managing the sale, the person said.
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