Societe Generale: Results of the consent solicitations in relation to certain subordinated notes
16 Giugno 2023 - 6:03PM
Societe Generale: Results of the consent solicitations in relation
to certain subordinated notes
RESULTS OF THE
CONSENT
SOLICITATIONS
IN RELATION TO
CERTAIN
SUBORDINATED
NOTESRegulated Information
Paris, 16 June 2023
Societe Generale announces the results of its
invitation to the holders of certain of its English law-governed
subordinated notes listed below (the “Notes”) to approve certain
amendments to the conditions of the Notes, as released on 16 May
2023 .
Societe Generale launched the consent
solicitations in order to bring the conditions of the Notes into
compliance with the regulatory capital criteria of CRR for Tier 2
instruments and the Single Resolution Board MREL policy ahead of
the end of the grandfathering period on 28 June 2025. Terms and
conditions of the consent solicitations are set out in the relevant
consent solicitation memorandums and notices of meeting and written
resolutions, as applicable, distributed to the holders of the
relevant series of Notes in the manner specified in the conditions
of such Notes.
Notes targeted in the consent solicitations:
Description of Notes |
ISIN |
Results |
U.S.$1,000,000,000 Subordinated 4.250% Notes 19 August due
2026 |
US83368JKF65 (144A) / USF43628C650 (RegS) |
Approved |
AUD $150,000,000 4.875% Subordinated Notes due 13 October 2026 |
XS1503159219 (RegS) |
Terminated |
JPY 10,000,000,000 2.500% Subordinated Notes due 16 December
2026 |
XS1530901658 (RegS) |
Approved |
U.S.$50,000,000 5.400% Subordinated Notes due 23 July 2035 |
XS1265349909 (RegS) |
Approved |
U.S.$500,000,000 5.100% Subordinated Notes due 27 June 2036 |
XS1432505128 (RegS) |
Terminated |
U.S.$500,000,000 Subordinated 5.625% Notes due 24 November
2045 |
US83367TBT51(144A) / USF8586CBU56 (RegS) |
Approved |
Press
contacts:
Jean-Baptiste Froville_+33 1 58 98 68 00_
jean-baptiste.froville@socgen.comFanny Rouby_+33 1 57 29 11 12_
fanny.rouby@socgen.com
Societe
GeneraleSociete
Generale is one of the leading European financial services groups.
Based on a diversified and integrated banking model, the Group
combines financial strength and proven expertise in innovation with
a strategy of sustainable growth. Committed to the positive
transformations of the world’s societies and economies, Societe
Generale and its teams seek to build, day after day, together with
its clients, a better and sustainable future through responsible
and innovative financial solutions.Active in the real economy for
over 150 years, with a solid position in Europe and connected to
the rest of the world, Societe Generale has over 117,000 members of
staff in 66 countries and supports on a daily basis 25 million
individual clients, businesses and institutional investors around
the world by offering a wide range of advisory services and
tailored financial solutions. The Group is built on three
complementary core businesses:
- French Retail
Banking with the SG bank, resulting from the merger of the
two Societe Generale and Crédit du Nord networks, and Boursorama.
Each offers a full range of financial services with omnichannel
products at the cutting edge of digital innovation;
-
International Retail Banking, Insurance and Financial
Services, with networks in Africa, Central and Eastern
Europe and specialised businesses that are leaders in their
markets;
- Global Banking and Investor
Solutions, which offers recognised expertise, key
international locations and integrated solutions.
Societe Generale is included in the principal socially
responsible investment indices: DJSI (Europe), FTSE4Good (Global
and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity
and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX
Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index
(World and Europe). In case of doubt regarding the authenticity of
this press release, please go to the end of Societe Generale’s
newsroom page where official Press Releases sent by Societe
Generale can be certified using blockchain technology. A link will
allow you to check the document’s legitimacy directly on the web
page. For more information, you can follow us on Twitter
@societegenerale or visit our website societegenerale.com.
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