SocGen launches five-year senior-nonpreferred Australian dollar deal

Thursday, 13 September 2018

Société Générale (SocGen) (A/A1/A) launched a benchmark, Australian dollar denominated five-year senior-nonpreferred transaction on 13 September. The forthcoming deal will come in either or both fixed- and floating-rate formats and has indicative price guidance of 165 basis points area over swap benchmarks. The deal is expected to be rated BBB+/Baa2/A.

Pricing is expected on the day of launch, according to lead managers Nomura, SocGen, TD Securities and Westpac Institutional Bank.