SOCGEN 4.300% 19May2026 Corp (SGD)

Bond Factsheet

Matured/ Called

Societe Generale SA

Indicative

Full Lot

Bid Price

100.000

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.200

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 22 Apr 2022, 12:00am

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Bond Information

Societe Generale provides commercial, retail, investment, and private banking services. The Bank offers consumer credit, vehicle lease financing, information technology equipment leasing, life and non-life insurance, custodian, trade and project financing, currency exchange, treasury, financial, and commodities brokerage services. Societe Generale serves customers worldwide.

Bond Issuer

Societe Generale SA

Guarantor

Announcement Date

11 May 2016

Issue Date

19 May 2016

Maturity Date

19 May 2026

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.300

Coupon Type

Variable

Annual Coupon Rate

4.300

Coupon Frequency

Semi Annually

Seniority

Subordinated

Capital Structure

Subordinated

Reference Rate

Reset Rate: 5Y SGD SOR + Initial Margin (2.335%)
Reset Date: 19May2021

ISIN

XS1413590610

CUSIP

LW0910866

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

425,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Banks

Issuer Credit Rating (S&P/ Fitch)

***/ A-

Bond Credit Rating (S&P/ Fitch)

***/ BBB

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Loss Absorption

French law and European legislation regarding the resolution of financial institutions may require the write-down or conversion of the Notes to equity if the Issuer is deemed to be at the point of non-viability

The powers provided to the Resolution Authority in the BRRD and the SRM Regulation include write-down/conversion powers to ensure that capital instruments (including Subordinated Notes) and eligible liabilities (including senior debt instruments, such as Unsubordinated Notes if junior instruments prove insufficient to absorb all losses) absorb losses at the point of non-viability of the issuing institution or of its group (the Bail-in Tool).

The point of non-viability under the BRRD is defined as the point at which the Resolution Authority determines that

the institution or its group is failing or is likely to fail,
there is no reasonable prospect that a private action would prevent the failure, and
except with respect to capital instruments, a resolution action is necessary in the public interest. The Resolution Authority could also write-down or convert capital instruments into equity (including subordinated debt instruments such as the Subordinated Notes) when it determines that the institution will no longer be viable unless such write down or conversion power is exercised or when the institution requires extraordinary public financial support.

Issuer Call

Call Date: 19 May 2021

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