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TOTAL SA grosses €1.75 billion from debt offering

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TOTAL SA grosses €1.75 billion from debt offering

Total SA raised gross proceeds of €1.75 billion from an offering of fixed to floating rate junior subordinated unsecured perpetual hybrid notes.

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

Banca IMI SpA, Barclays Bank PLC, BNPP UK Holdings Ltd., Citigroup Global Markets Ltd. and UniCredit SpA were the lead underwriters.