Clifford Chance advises SAGESS on its bond issue
Clifford Chance recently acted on the issue of bonds for SAGESS. In view of the financing of operations scheduled for 2013 to meet the obligations of of the national obligation of strategic stocks SAGESS (Societe Anonyme Management Stocks Security) bonds were issued on 6th March at a rate of 2.625 percent for a total of 600 million euros maturing in 2025. This maturity is part of a plan for active management of the maturity of the debt for SAGESS.
Clifford Chance advised the issuer with Cédric Burford (partner), Ludovic Timbal Duclaux Martin and Andrew McCann.