Shares in Société Générale slipped nearly 3% this morning as it made public the terms of its â¬5.5bn ($8bn) rescue rights issue, despite the French bankâÂÂs announcement that last yearâÂÂs profits will be higher than initially feared after the discovery of a multi-billion euro trading fraud last month.
SG this morning published the terms of its rights offering, which will have a â¬47.5 subscription price, representing a 39% discount to the bankâs â¬77.72 closing price on Friday. Shares in the bank fell to â¬75.6 by 09:15 GMT today.
