Bond Factsheet
SOCGEN 6.446% 10Jan2029 Corp (USD)
Societe Generale SA
Indicative
Full Lot
Bid Price 101.087
Change in Bid Price 0.108
Bid Yield (%) 5.533 %
Change in Bid Yield 0.090
Ask Price 101.185
Change in Ask Price 0.106
Ask Yield (%) 5.452 %
Change in Ask Yield 0.089
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Societe Generale SA
Guarantor
-
Announcement Date
03 Jan 2023
Issue Date
10 Jan 2023
Maturity Date
10 Jan 2029
Years to Maturity / Next Call
2.270 / 1.267
Modified Duration
2.048 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
6.446
Coupon Type
Variable
Annual Coupon Rate
6.446
Coupon Frequency
Semi Annually
Seniority
Senior Non Preferred
Capital Structure
Senior Non Preferred
Reference Rate
Reset Date: 10 Jan 2028 and every annual thereafter
Reset Rate: 1 Year UST Rate + Margin (2.550%)
ISIN
US83368TBR86
CUSIP
83368TBR8
Bond Currency
USD
Total Issue Size
1,250,000,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ A+
Bond Credit Rating (S&P/ Fitch)
***/ A-
Shariah Compliant
No
Exchange Listed
Others
Loss Absorption
Waiver of set-off:
Subject to applicable law, and to the extent necessary under it, no Noteholder may exercise or claim any right of set-off, netting, compensation or retention in respect of any amount owed to it by the Issuer arising under or in connection with the Notes and each Noteholder shall, by virtue of being the holder of any Note, be deemed to have waived to the extent permitted by applicable law all such rights of set-off, netting, compensation and retention in respect of such Notes, both before and during any resolution, winding-up, liquidation or administration of the Issuer.
Substitution and Variation:
The Issuer may, at its option, upon the occurrence of a Withholding Tax Event, a Gross-Up Event or a MREL or TLAC Disqualification Event or in order to ensure the effectiveness and enforceability of Condition 14 (Acknowledgement of Bail-In and Write-Down or Conversion Powers), elect either to (i) substitute all (but not some only) of the Notes or (ii) vary the terms of all (but not some only) of the Notes, so that they become or remain Qualifying Senior Notes, subject to the prior written permission of the Relevant Resolution Authority pursuant to Condition 5(h)(ii).
Acknowledgment of Bail-in and Write-Down or Conversion Powers:
The Notes are subject to any application of the Bail-in Power by the Relevant Resolution Authority and/or, to the extent applicable, the Regulator, which may result in the conversion to equity, write-down or cancellation of all or a portion of the Notes, or variation of the terms and conditions of the Notes, if the Issuer is deemed to meet the conditions for resolution or otherwise.
Issuer Call
5(i) Redemption at the Option of the Issuer (“Issuer Call”)
If an Issuer Call is specified as applicable in the Pricing Term Sheet with respect to any Series of Notes (subject to the provisions of Condition 5(h) (Conditions to redemption, substitution, variation, purchase or cancellation of Notes prior to Maturity Date) as the case may be), the Issuer may, at its option on any Optional Redemption Date and having given not less than fifteen (15) nor more than thirty (30) calendar days’ prior notice (or such other period as is specified in the Pricing Term Sheet) to the Noteholders, in accordance with Condition 12 (Notices) below, which notice shall be irrevocable, redeem in whole or in part the outstanding Notes of such Series, at their Optional Redemption Amount, as provided in Condition 5(k) (Optional Redemption Amounts), together, if appropriate, with interest accrued to, but excluding, the Optional Redemption Date. Any such redemption must be of a nominal amount not less than a minimum redemption amount (the “Minimum Redemption Amount”) nor more than a maximum redemption amount (the “Maximum Redemption Amount”), both as specified in the Pricing Term Sheet.
Optional Redemption Date: January 10, 2028
Optional Redemption of Notes by the Issuer upon the Occurrence of a MREL or TLAC Disqualification Event:
The Issuer may, at its option, redeem all (but not some only) of the outstanding Notes at any time upon the occurrence of a MREL or TLAC Disqualification Event at the Early Redemption Amount, subject to the provisions of Condition 5(h)(ii).
“MREL or TLAC Disqualification Event” means a change in the classification of the Notes under the MREL or TLAC Requirements, that was not reasonably foreseeable by the Issuer at the Issue Date of the Notes, and that would be likely to result in or has resulted in the Notes being fully or partially excluded from the own funds or eligible liabilities available to meet the MREL or TLAC Requirements (as called or defined in the then applicable laws and regulations or MREL or TLAC criteria applicable to the Issuer). For the avoidance of doubt, the exclusion of a Series of Notes from the own funds or eligible liabilities available to meet the MREL or TLAC Requirements due to the remaining maturity of such Notes being less than any period prescribed thereunder, does not constitute a MREL or TLAC Disqualification Event.
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