Davis Polk advised the initial purchasers of the inaugural U.S. dollar issuance of senior non-preferred notes by Société Générale. Under its U.S. medium-term note program, Société Générale issued $650 million aggregate principal amount of 3.250% fixed-rate notes due 2022 and $600 million aggregate principal amount of 4.000% fixed-rate notes due 2027 under Rule 144A/Regulation S.

Headquartered near Paris, Société Générale is one of the largest European financial services groups. Société Générale has more than 146,000 employees, based in 66 countries, and 31 million clients throughout the world. Société Générale operates three core businesses – namely, retail banking in France, international retail banking and corporate and investment banking. Société Générale is also a significant player in specialized financing and insurance, private banking, asset management and securities services.

The Davis Polk corporate team included partner John Banes, counsel Amy T. Alter and associates Andrew Rowe and So Yeon Chang. The French corporate and regulatory team included counsel Juliette Loget and associate Samuel Berrebbi. Associate Craig D. Kennedy provided U.S. regulatory advice. Counsel Alon Gurfinkel and associate Omer Harel provided U.S. tax advice. Partner Jonathan Cooklin provided English tax advice. Members of the Davis Polk team are based in the Paris, London and New York offices.