Investor Presentaiton
LONG TERM FUNDING PROGRAM
2022 COMPLETED, 2023 ALREADY WELL ADVANCED
2022 long-term funding program
EUR 44bn raised for 2022 funding program (incl. EUR 3.9bn of pre-funding
raised in 2021), of which:
c. EUR 20.3bn of vanilla debt
EUR 2.5bn AT1 & T2
EUR 6.0bn SNP
EUR 6.4bn SP
EUR 5.4bn CB
c. EUR 23.7bn of structured notes issuance
2022 funding program conditions
MS+59bp (including structured notes, excluding subordinated debt)
Average maturity of 4.9 years
Additional EUR 2.7bn issued by subsidiaries
Active diversification of the investor base across different currencies (EUR,
USD, AUD, CHF, HKD, NOK, CNY, SGD, JPY), maturities and types
2023 funding program well advanced
Expected vanilla long-term funding program of c.EUR 24bn,
completed at c.60% as of 31 January 2023 incl. EUR 7.2bn of pre-
funding issued in 2022):
EUR 3.4bn of subordinated debt, EUR 5.2bn of SNP debt, EUR
4.0bn of SP debt and EUR 2.3bn of CB
Annual structured notes issuance volume expected around EUR 25bn
(1) Excluding structured notes
SOCIETE
GENERALE
2023 expected long term funding program: c. EUR 24bn (1)
~EUR 6-7bn
SECURED DEBT
SENIOR PREFERRED DEBT
~EUR 6-7bn
SENIOR NON PREFERRED DEBT
~EUR 5-6bn
SUBORDINATED DEBT (AT1/T2)
Selection of recent key transactions
Societe Generale
In Jan-23
Additional Tier 1 PerpNC6.5
EUR 1,000m 7.875% PerpNC Jan-29
Societe Generale
In Dec-22
Senior Non-Preferred 8NC7
EUR 1,500m 4.250% Dec-30 NC Dec-29
Societe Generale
In Jan-23
Senior Preferred 2Y
EUR 2,000m 3mE+45bp Jan-25
Societe Generale
In Nov-22
Additional Tier 1 PerpNC5
USD 1,500m 9.375% PerpNC Nov-27
~EUR 4-5bn
Societe Generale
In Jan-23
Senior Non-Preferred 4NC3 & 6NC5 & 11NC10
USD 1,250m 6.447% Jan-27 NC Jan-26
USD 1,250m 6.446% Jan-29 NC Jan-28
USD 1,500m 6.691% Jan-34 NC Jan-33
Tier 2 30Y bullet
USD 1,000m 7.367% Jan-53
Societe Generale
In Nov-22
Senior Preferred 5Y & 10Y bullet
EUR 1,000m 4.000% Nov-27
EUR 1,250m 4.250% Nov-32
4TH QUARTER AND FULL YEAR 2022 RESULTS 18 FEBRUARY 2023View entire presentation