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TOTAL SA grosses $1.20 billion from debt offering

Total SA raised gross proceeds of $1.20 billion from an offering of 0.500% senior unsecured synthetic bonds due Dec. 2, 2022.

The company plans to use the proceeds for general corporate purposes or working capital.

BNP Paribas SA, Credit Agricole Corporate and Investment Bank SA and JPMorgan Chase & Co. were the lead underwriters.