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Societe Generale Raises USD 1.25 Billion Through Issuance of Perpetual Subordinated Hybrid Debt Instrument


Thursday, 29 Aug 2013 01:54pm EDT 

Societe Generale announced that it structured and raised USD 1.25 billion through the issuance of a perpetual subordinated hybrid debt instrument, eligible to Basel 3 Tier 1 under the new regulatory definition, with a 8.25% coupon. The transaction's order book exceeded USD 4 billion. This additional Tier 1 capital of the subordinated hybrid Tier 1 issue is to reinforce the Company's financial solidity. 

Company Quote

10.49
0.01 +0.10%
10:36am EDT