Societe Generale is seeking to raise $3.5 billion in a debt issue, The Wall Street Journal reports. The U.S. dollar-denominated offering will include a 10-year fixed-rate tranche and a three-year floating-rate piece.
The senior unsecured notes are expected to be sold in the private placement market through joint bookrunners Societe Generale, Bank of America Merrill Lynch and JP Morgan Chase. The company intends to use the proceeds for general corporate purposes, which could include the repayment of remaining debt securities.
Click here for the story from The Wall Street Journal.