Société Générale $25 Billion Medium-Term Notes Program Update and $1.5 Billion Senior Non-Preferred Notes Offering

Davis Polk advised the dealers in connection with the update of a $25 billion Medium-Term Note Program by Société Générale.

Following the update of the program, Davis Polk advised the joint bookrunning managers in connection with Société Générale’s Rule 144A/Regulation S offering of $1.5 billion 3.875% senior non-preferred notes due 2024 under its $25 billion Medium-Term Note Program.

Headquartered near Paris, Société Générale is one of the largest European financial services groups. Société Générale has more than 149,000 employees, based in 67 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 U.S. corporate team included partner John Banes and associates Andrew Rowe, Grecia Barboza and Grace M. Cao. Counsel Alon Gurfinkel and associate Veronica Davis provided U.S. tax advice. The French corporate and regulatory team included counsel Juliette Loget and associates Jean-Christophe Devouge, Géraldine Fromage and Daniel Arroche. Members of the Davis Polk team are based in the London, Paris and New York offices.