Societe Generale Reveals Significant Debt Securities Purchase Results

Societe Generale's Debt Securities Purchase Announcement

SOCIATE GENERALE ANNOUNCES RESULTS OF THE OFFER TO PURCHASE CERTAIN OF ITS DEBT SECURITIES

Recently, Societe Generale revealed the results of its offer to purchase certain bonds, demonstrating its proactive approach in managing its debt portfolio. This announcement reflects the bank's strategic financial operations amidst ever-changing market conditions.

Understanding the Offer

The offer involved a cash purchase of its outstanding Undated Deeply Subordinated Resettable Interest Rate Notes, collectively referred to as the "Notes." According to the information provided by the Tender and Information Agent, the offer was well-received, with a notable total of $710,342,000 aggregate principal amount of the Notes tendered before the expiration time.

The offer expired on a specified date, and during this window, Societe Generale's approach allowed for considerable participation, indicating strong investor interest. This level of engagement points to the trust in the bank's financial stability and future growth prospects.

Details of the Notes Tendered

During the tender offer, it was confirmed that the aggregate principal amount of Notes validly tendered and not withdrawn totaled a significant $710,342,000. According to the details released, all tendered amounts have been accepted for purchase without the use of guaranteed delivery procedures.

Key Highlights of the Tender Offer

• CUSIP Number: 83368J FA3 / F43628 B41
• ISIN: US83368JFA34 / USF43628B413
• Title of Security: Undated Deeply Subordinated Resettable Interest Rate Notes
• Tender Offer Consideration: $1,007.00 per $1,000 principal amount of Notes
• Aggregate Principal Amount Tendered: $710,342,000

All Notes tendered have now officially been accepted, with no delivery utilizing guaranteed procedures. This transaction is set to strengthen Societe Generale's financial standing further.

Moving Forward with Confidence

Societe Generale plans to settle the transaction shortly, expecting to clear the amount plus any accrued and unpaid interest from the last payment cycle. The anticipated settlement date falls within a few days of the announcement, reaffirming the bank's commitment to operational efficiency.

Upon completion of the purchase, Societe Generale intends to cancel the repurchased Notes, further refining and optimizing its capital. Post-settlement, approximately $539,658,000 in principal will remain outstanding, ensuring a streamlined debt structure.

Corporate Overview of Societe Generale

Societe Generale stands as one of Europe’s leading banks, with a reputation built on more than a century of service. With around 119,000 employees dedicated to serving over 26 million clients globally, the bank plays a vital role in economic development, providing diverse services tailored to corporate, institutional, and retail clients.

The bank operates through three main areas with innovative solutions aimed at bolstering secure and sustainable financial growth:

• French Retail and Private Banking: Delivering premier banking and insurance services, along with robust private banking solutions.
• Global Banking and Investor Solutions: Offering customized financial solutions with leadership in equity derivatives and sustainable finance.
• International Retail Banking: Maintaining strong banking operations in various regions, including Europe and Africa.

Societe Generale is also committed to socially responsible practices, demonstrated by its inclusion in notable ESG indices, visually representing their commitment to sustainability and social responsibility.

Frequently Asked Questions

What is the purpose of Societe Generale's recent debt securities purchase?

The purchase aims to optimize the bank's debt profile and enhance its financial stability by managing outstanding obligations effectively.

How much of the Notes were tendered during the offer?

A total of $710,342,000 in aggregate principal amount of the Notes were tendered and accepted for purchase.

When is the expected settlement date for the purchased Notes?

The settlement date for the transaction is anticipated to be on or about a specified date shortly after the announcement.

What will happen to the Notes that were repurchased?

All repurchased Notes are set to be canceled, which will adjust the bank’s capital structure for future opportunities.

How does Societe Generale support sustainability?

Societe Generale is deeply committed to sustainability and is included in various ESG indices, showcasing its responsible business practices and initiatives.

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