SocGen mandates Australian dollar perpetual AT1 deal

On 4 September, Societe Generale (SocGen) (A/A1/A+) revealed plans for an Australian dollar denominated perpetual non-call five-year additional tier-one (AT1) transaction. The potential deal is being marketed with an indicative coupon in the area of 5.375 per cent. The deal is expected to be rated BB+/Ba2.