SocGen upsizes tap to floating-rate tranche of debut Kangaroo line [UPDATED]
- Wednesday, 30 March 2011
Société Générale (A+/Aa2/A+) completed a A$400 million (US$413.4 million) increase to its existing October 2014 floating rate note (FRN) Kangaroo bond on March 31. The tap – which was upsized from a launch volume of A$200 million – adds to an FRN tranche which now has A$650 million outstanding and sits alongside the A$250 million fixed rate piece of the same line.
