SocGen reveals plans for Australian dollar senior nonpreferred deal

On 12 September, Société Générale (SocGen) (A/A1/A) revealed plans for an Australian dollar denominated, five-year senior nonpreferred transaction, to come in either or both fixed- and floating-rate formats. Initial price guidance for the deal is 165 basis points area over swap benchmarks. The deal expected to be rated Baa2/BBB+/A and is expected to launch in the near future and price on 13 September.