Total plans to sell $1.2 billion of seven-year convertibles

By Rebecca Melvin

New York, Nov. 25 – Total SA plans to price about $1.2 billion of seven-year convertible bonds together with call options in a Regulation S deal seen pricing later Wednesday, according to a press release.

Net proceeds of the bonds will be used for general corporate purposes.

Paris-based Total is an oil, gas and solar power company.

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