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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 rate junior deeply subordinated unsecured perpetual undated resettable 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 SG Corporate & Investment Banking were the lead underwriters.