France's Societe Generale said it plans to issue American depositary receipts, a security increasingly used by foreign banks to boost their investment profiles in the United States.

The bank plans an ADR issue in July that will be sponsored by Bank of New York Co., a spokeswoman for Societe Generale in New York confirmed.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.