2nd Quarter and 1st Half 2022 Results
LONG TERM FUNDING PROGRAMME
2022 WELL ADVANCED
2022 funding programme:
c. EUR 20-22bn of vanilla debt, well balanced across the different
formats
c. EUR 19bn of structured notes issuance
As of 18.07.2022, EUR 33.7bn have been raised for 2022 program
o/w:
completion of over 85% of the vanilla funding program through
issuance of EUR 19.6bn (including EUR 4.0bn of prefunding raised in
2021) split as follows:
EUR 0.1bn AT1
EUR 1.9bn T2
EUR 5.7bn SNP
EUR 6.0bn SP
EUR 5.9bn CB
EUR 14.1bn of structured notes issuance
Competitive funding conditions:
MS6M+54 bp (excluding subordinated debt)
Average maturity of 5.2 years
Additional EUR 1.2bn issued by subsidiaries
Active diversification of the investor base across different currencies
(EUR, USD, AUD, CHF, HKD, NOK, CNY, SGD), maturities and types
SOCIETE
GENERALE (1) Excluding structured notes
2022 long term funding programme: EUR 20-22bn (1)
SECURED DEBT
SENIOR PREFERRED DEBT
SENIOR NON PREFERRED DEBT
SUBORDINATED DEBT (AT1/T2)
Selection of recent key transactions
~EUR 5bn
~ EUR 6bn
~EUR 6bn
~EUR 4 4.5bn
Societe Generale
21NC20 Tier 2
4.027% 21-Jan-43NC42 USD 750,000,000
4NC3 & 6NC5 & 11NC10 Senior Non Preferred
SOFR+ 1.050% 21-Jan-26NC25 USD 750,000,000
2.226% 21-Jan-26NC25 USD 1,250,000,000
2.797% 19-Jan-28NC27 USD 1,250,000,000
3.337% 21-Jan-33NC32 USD 1,000,000,000
Societe Generale
5Y Senior Preferred
0.280% 26-Jan-27 CHF 160,000,000
& 7NC6 Senior Non Preferred
0.745% 26-Jan-29NC28 CHF 100,000,000
Societe Generale, Sydney Branch
5Y Senior Preferred
FRN 03-Mar-27 AUD 450,000,000
Societe Generale
3NC2 & 7Y Senior Preferred
1.500% 30-May-25NC24 EUR 1,000,000,000
2.625% 30-May-29 EUR 1,000,000,000
Societe Generale
11NC10 Tier 2, 3Y & 5Y Senior Preferred
6.221% 15-Jun-33NC32 USD 1,250,000,000
4.351% 13-Jun-25 USD 600,000,000
4.677% 15-Jun-27 USD 800,000,000
Societe Generale SFH
6Y & 12Y Covered Bond
1.375% 05-May-28 EUR 1,750,000,000
1.750% 05-May-34 EUR 1,250,000,000
Societe Generale
PNC5 Additional Tier 1
8.250% PNC 15-07-27 SGD 200,000,000
2ND QUARTER AND 1ST HALF 2022 RESULTS |3 AUGUST 2022 68View entire presentation