IFLR1000

Total $4 billion four tranche (2.218%, 2.434%, 2.829% and 3.461%) bond issue

15/7/2019
Investment grade bond/note issue
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$ 4 billion

Completed

15/7/2019

Overview:

  • French oil and gas company Total issued a $4 billion bond in four tranches of $750 million, $1 billion, $1.25 billion and $1 billion each.
  • The four tranches have coupons of 2.218%, 2.434%, 2.829% and 3.461% and mature in 2021, 2025, 2030 and 2049. 

Laura Mendes - Researcher

Jurisdictions:

United States
France
United Kingdom

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing laws:

United States
France
England and Wales

Industry sector:

Energy

Firms:
Cleary Gottlieb Steen & Hamilton

Party: J.P. Morgan (Joint bookrunner)

Party: Barclays Capital (Joint bookrunner)

Party: Credit Agricole (Joint bookrunner)

Party: Mizuho Bank (Joint bookrunner)

Party: Morgan Stanley (Joint bookrunner)

Latham & Watkins

Party: Total (Issuer)

Lawyers: Olivier du Mottay, Ryan Maierson, Thomas Vogel

Reed Smith

Party: BNY Mellon Corporate Trustee Services (Trustee)

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