SocGen Said to Sell Two-Part Senior Unsecured Bonds in Euros
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.
To contact the reporter on this story: Hannah Benjamin in London at email@example.com
To contact the editor responsible for this story: Andrew Reierson at firstname.lastname@example.org