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Rating Assigned To Societe Generale's Variable-Rate Notes In Claris IV Series 39 Jun 11

  • ID: 2048025
  • June 2011
  • Standard & Poors
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OVERVIEW We have assigned a 'A+' rating to Soci-t- G-n-rale's Claris IV series 39 notes. Claris IV series 39 is a variable-rate note repack transaction backed by a U.S. dollar-denominated fixed-rate senior unsecured note issued by Soci-t- G-n-rale (ISIN: US83368TAA60). LONDON (Standard & Poor's) June 30, 2011--Standard & Poor's Ratings Services today assigned its 'A+' credit rating to Claris IV Ltd.'s -50 million variable-rate notes series 39. At closing, Claris IV issued -50 million of notes at an issue price of 100% of the notes' par value. Claris IV also entered into a cross-currency swap with Soci-t- G-n-rale (SG). Under this swap, Claris IV initially transferred the euro-denominated note proceeds to SG. SG in turn paid to Claris IV a...

Companies mentioned in this report are: Claris IV Ltd.
Action: New Rating

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Research type: News
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Claris IV Ltd.

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