Bloomberg News

SocGen Said to Seek as Much as 2 Billion Euros From Note Sale

February 21, 2012

Feb. 21 (Bloomberg) -- Societe Generale SA will raise as much as 2 billion euros from its two-part sale of senior unsecured bonds, according to a person with knowledge of the transaction.

The offering includes an 18-month floating-rate note portion of as much as 1 billion euros that may be priced at 88 to 90 basis points more than Euribor, the person said. A five- year fixed-rate tranche of up to 1 billion euros may yield 222 to 225 basis points more than the benchmark mid-swap rate, the person said.

To contact the reporter on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net

To contact the editor responsible for this story: Andrew Reierson at areierson1@bloomberg.net


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