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Societe Generale Issues New Form of Bond-L'AGEFI Hebdo

Wednesday, 28 Nov 2012 07:00pm EST 

L'AGEFI Hebdo reported that Societe Generale has initiated a program of secured bond issues using bonds issued as pledge letters (lettres de gage) under the law of Luxembourg. The program is authorized up to EUR 10 billion. A first private placement worth EUR 900 million, issued in four tranches, was made at the end of October 2012 at prices of between 0 basis points above the three-month Euribor rate and 76 basis points. 

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