Investor Presentaiton
LONG TERM FUNDING PROGRAMME
2023 ALREADY WELL ADVANCED: >70% OF VANILLA PROGRAMME COMPLETED
2023 long-term funding programme:
.
c. EUR 24bn vanilla debt, well balanced
across formats
2023 long term programme and status (1)
•
c. EUR 25bn of structured notes
As of 26 April 2023, EUR 27.6bn has been raised
under the 2023 funding programme, of which:
c. EUR 18.0bn of vanilla debt (incl. EUR 7.1bn
of pre-funding raised in 2022)
• c. EUR 9.6bn of structured notes
•
2023 funding programme conditions in Q1-23:
MS+88bp (including structured notes,
excluding subordinated debt)
• Average maturity of 5.2 years
Additional EUR 1.25bn issued by subsidiaries
Active diversification of the investor base across
different currencies (EUR, USD, AUD, CHF, NOK,
CNY), maturities and types
Secured debt
Programme (in EUR bn)
Issued (in EUR bn)
~6-7
~4.7
Senior Preferred debt
~6-7
~4.7
Senior Non Preferred debt
~5-6
~5.2
Subordinated debt (AT1/T2)
~4-5
~2.4 AT1
~1.0 T2
Recent transactions
Societe Generale
In Feb-23
Senior Preferred 3Y & 7Y
CHF 180m 2.278% Feb-26
CHF 260m 2.618% Feb-30
Societe Generale SFH
In Feb-23
Covered Bonds 3Y & 9Y
EUR 750m 3.125% Feb-26
EUR 1,500m 3.125% Feb-32
Societe Generale
In Jan-23
Additional Tier 1 PerpNC6.5
EUR 1,000m 7.875% PerpNC29
Societe Generale
In Jan-23
Senior Preferred 2Y
EUR 2,000m 3mE+45bp Jan-25
Societe Generale
In Jan-23
Senior Non-Preferred
USD 1,250m 6.447% 27NC26
USD 1,250m 6.446% 29NC28
USD 1,500m 6.691% 34NC33
Tier 2 30Y bullet
USD 1,000m 7.367% Jan-53
(1) Excluding structured notes
SOCIETE
GENERALE
1ST QUARTER 2023 RESULTS | 12 MAY 2023
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