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SocGen Said to Sell Euro-Denominated Covered Bonds Due 2019

Societe Generale SA is selling euro-denominated covered bonds due in 2019, according to two people with knowledge of the sale.

The bonds may be priced to yield about 120 basis points more than the benchmark mid-swap rate, the people said. Banca IMI SpA, Barclays Capital, Danske Bank A/S, Deutsche Bank AG and Natixis are managing the deal with SocGen.

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