To view the PDF file, sign up for a MySharenet subscription.

SG ISSUER - Notification of Credit Event

Release Date: 16/07/2020 10:11
Code(s): SGI006     PDF:  
Wrap Text
Notification of Credit Event

SG Issuer (“the Issuer”)
Incorporated in Luxembourg
JSE Code: SGI006
ISIN: ZAG000145202

NOTICE TO THE NOTEHOLDERS DATED 16 JULY 2020

CREDIT EVENT NOTICE AND NOTICE OF PUBLICLY AVAILABLE INFORMATION

Issue of ZAR 60 000 000 Credit Linked Notes due on 11/07/2022
Under the Debt Instruments Issuance Programme (“the Programme”)
Unconditionally and irrevocably guaranteed by Société Générale (“the Guarantor”)

Notification of Credit Event

Capitalised terms used and not otherwise defined in this announcement have the meaning given to
them in the Applicable Final Terms as read with the Programme.

Notice is hereby given to all holders (the “Noteholders”) of the notes issued on 7 August 2017 under
the JSE Code SGI006 (“the Notes”) in terms of SG Issuer’s Programme dated 6 July 2016 that a
Bankruptcy Credit Event occurred with respect to the Reference Entity “Chesapeake Energy
Corporation” on 28 June 2020, as a result of the voluntary petition for relief under chapter 11 of title 11
of the United States Code in the United States Bankruptcy Court for the Southern District of Texas (the
“Court”) introduced by the Reference Entity and certain of its subsidiaries on 28 June 2020.

The Credit Event Determination Date in respect of this Credit Event is 29 June 2020.

This notice also constitutes the Notice of Publicly Available Information with respect to this Credit
Event. Accordingly, we provide you with the Publicly Available Information attached hereto which set
out the information published on the ISDA website and accessible through the following link:
https://www.cdsdeterminationscommittees.org/cds/chesapeake-energy-corporation/


For further information, Noteholders shall contact Société Générale as indicated in the Terms and
Conditions or at the office of the Fiscal Agent (specified below).

                                      THE FISCAL AGENT
                             SOCIETE GENERALE LUXEMBOURG S.A.
                                    11 Avenue Emile Reuter
                                     L-2420 LUXEMBOURG


Nothing in this notice shall be construed as a waiver of any rights under or in connection with the Notes.

The Issuer accepts responsibility for the information contained in this Notice.

16 July 2020

Debt Sponsor
Questco (Pty) Ltd

Date: 16-07-2020 10:11:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story