Total SE has successfully issued perpetual subordinated bonds in the amount of €3 billion: €1.5 billion at 1.625% coupon for the tranche with a 7 year first call date €1.5 billion at 2.125% coupon for the tranche with a 12 year first call date The proceeds from the bonds will be used to finance its development strategy, mainly acquisitions, in renewables, in particular €1.7 billion for the acquisition of a 20% interest in Adani Green Energy Limited. With a weighted average coupon of 1.875%, this issuance that was very well…
Read MoreTotal Has Successfully Issued Hybrid Bonds To Finance Its Development Strategy in Renewables
