Thursday, August 22, 2013

Reuters: Bankruptcy News: Societe Generale to sell temporary write-down bond

Reuters: Bankruptcy News
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Societe Generale to sell temporary write-down bond
Aug 22nd 2013, 11:37

By Aimee Donnellan

Thu Aug 22, 2013 7:37am EDT

LONDON, Aug 22 (IFR) - Societe Generale, rated A2/A/A at the senior level, is preparing to sell the first European Banking Authority compliant subordinated bond in the coming weeks, according to multiple sources and subsequently confirmed by two lead managers.

The French bank is expected to meet with investors next week, ahead of the potential Additional Tier 1 deal which will help it to meet strict new requirements on leverage ratios.

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