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Société Générale — Capital/Financing Update 2011
Dec 2, 2011
1671_iss_2011-12-02_0d876077-a22e-4fcb-919b-59eb2ba0d007.pdf
Capital/Financing Update
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REGULATED INFORMATION
Paris, 2 December 2011
SUCCESSFUL TENDER OFFER ON HYBRID TIER 1 BONDS
On 18 November 2011, Société Générale announced the launch of two tender offers on all Tier 1 hybrid notes issued publically to institutional investors. The first offer, targeting seven lines of instruments initially placed outside the US expired on 1 December 2011. The second offer, targeting two lines initially placed globally with institutional investors ended its early bird period on the same day. It will continue on standard terms and is expected to expire on 19 December 2011.
Under the terms of the Tender Offers, which included a cap and an order of priority, Société Générale is pleased to announce the acceptance of EUR 1.4 billion equivalent of the targeted instruments in this first phase.
The Core Tier 1 created as a result of the transaction is 11 bp (pro forma 30 September 2011) further strengthening the capital position of the Group ahead of future regulatory requirements.
PRESS RELATIONS SOCIETE GENERALE
LAETITIA MAUREL +33(0)1 42 13 88 68 [email protected]
ASTRID BRUNINI +33(0)1 42 13 68 71 [email protected] HELENE MAZIER +33(0)1 58 98 72 74 [email protected] SOCIETE GENERALE COMM/PRS 758886 PARIS CEDEX 18 SOCIETEGENERALE.COM
A FRENCH CORPORATION WITH SHARE CAPITAL OF EUR 970,099,988.75 552 120 222 RCS PARIS
Societe Generale
Societe Generale is one of the largest European financial services groups. Based on a diversified universal banking model, the Group combines financial solidity with a strategy of sustainable growth, and aims to be the reference for relationship banking, recognised on its markets, close to clients, chosen for the quality and commitment of its teams.
Its 157,000 employees* based in 85 countries accompany more than 33 million clients throughout the world on a daily basis. Societe Generale' teams offer advice and services to individual, corporate and institutional customers in three core businesses:
- Retail banking in France with the Societe Generale branch network, Crédit du Nord and Boursorama
- International retail banking, with a presence in Central and Eastern Europe and Russia, the Mediterranean Basin, Sub-Saharan Africa, Asia and French Overseas Territories
- Corporate and investment banking with a global expertise in investment banking, financing and market activities.
Societe Generale is also a significant player in specialised financial services, insurance, private banking, asset management and securities services.
Societe Generale is included in the international socially-responsible investment indices: FTSE4good and ASPI. www.societegenerale.com
* including employees of Société Marseillaise de Crédit acquired in September 2010 by Crédit du Nord