The Luxembourg domiciled issuance vehicle of Société Générale saw its outstanding assets decrease by 18% YoY as end investors took the company to court in relation to a credit-linked note on a French corporate.

Société Générale issued 11,902 new notes (among which 53 secured notes) and 2,991 warrants during 2020 through its SG Issuer (SGIS) issuance programme. Total revenues stood at €49.6m, of which €48.7m was commission income. As at 31 December 2020, the company – for which Société Générale is the sole shareholder – had issued secured and unsecured notes for a total amount of €43.1 billion, a decrease of 18% from the

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