2021-01-20 14:10:00
TOTAL SUBORDINATED BONDS €3 BLN
TOTAL - Paris, January 18 2021 – Total SE today 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 received by investors will allow the Group to finance its development in renewables at a reduced capital cost.
Jean-Pierre Sbraire, Chief Financial Officer at Total, said: “These hybrid bonds provide a cost of capital comparable to that of pure players in renewables and is therefore suited to finance acquisitions in this business. These bonds will finance in a very competitive way our development in renewables, which is at the heart of our strategy to transform Total into a broad energy company.”
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Earlier:
2021, January, 19, 13:40:00
TOTAL WILL BUY INDIA'S SOLAR POWER
French energy major Total SE (EPA:FP) today announced a deal to purchase a 20% stake in the green energy unit of India’s Adani Group and take 50% of its 2.35-GW portfolio of operating solar parks.
2021, January, 14, 13:40:00
TOTAL, ENGIE HYDROGEN PROJECT
Located at the heart of Total's La Mède biorefinery and powered by solar farms with a total capacity of more than 100 MW, the 40 MW electrolyser will produce 5 tonnes of green hydrogen per day to meet the needs of the biofuel production process at Total's La Mède biorefinery, avoiding 15,000 tonnes of CO2 emissions per year.
2021, January, 11, 12:20:00
TOTAL RENEWABLE INVESTMENT $2 BLN
Pouyanne said the investment budget for electricity and renewables would surpass $2 billion in 2021.
2020, November, 18, 14:00:00
TOTAL, ADNOC CLIMATE COOPERATION
The agreement brings together the best-in-class in low carbon technologies from ADNOC and Total, and expands on the long-standing partnership and collaboration between the two leading energy producers across the full value chain.
2020, October, 30, 13:30:00
TOTAL NET INCOME $202 MLN
Total SE's Board of Directors met on October 29, 2020, under the chairmanship of CEO Patrick Pouyanne to approve the Group's third quarter 2020 financial statements.
