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TOTAL SA grosses €2.50 billion from debt offering

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TOTAL SA grosses €2.50 billion from debt offering

Total SA raised gross proceeds of €2.50 billion from an offering of fixed to floating junior unsecured deeply subordinated perpetual notes.

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

Barclays Bank PLC, Citigroup Global Markets Ltd., HSBC Bank PLC and Societe Generale SA were the lead underwriters.