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PARIS - Societe Generale announced Tuesday it has commenced a pre-stabilization period for its new €350 million bond offering with a 7-year maturity and potential early redemption after 6 years.
The bonds carry a 5.637% coupon and will mature on September 9, 2032, according to a statement released by the French banking group. The securities are being offered at a price of 100% of their nominal value.
Societe Generale Capital Markets (SG CIB) will act as the stabilization manager for the transaction. The stabilization period is expected to begin on September 2, 2025, and end no later than October 9, 2025.
During this period, the stabilization manager may over-allot securities or conduct transactions to support the market price of the bonds at levels higher than might otherwise prevail, though stabilization is not guaranteed to occur.
The announcement specifies that any stabilization action will be conducted in accordance with applicable laws and regulations, including Commission Delegated Regulation (EU) 2016/1052 under the Market Abuse Regulation.
The bonds have not been registered under the United States Securities Act and are not being offered in the United States. The offering is primarily directed at qualified investors outside the United Kingdom or those within the UK who have professional experience in investment matters.
This bond issuance comes as European financial institutions continue to secure medium-term funding in the current interest rate environment.
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