TotalEnergies to redeem €1.5 billion undated notes on April 4

By Mary-Katherine Stinson

Lexington, Ky., March 20 – TotalEnergies SE issued an irrevocable notice of redemption for its €1.5 billion undated non-call five-year deeply subordinated fixed-rate resettable notes (ISIN: XS1974787480), according to a news release.

The notes will be redeemed on April 4 at par plus accrued interest and any arrears of interest including additional interest amounts for a total redemption price of €101,750 per €100,000 of notes.

The notes were issued April 4, 2019 under the company’s €35 billion euro medium-term note program and were not callable for five years.

Upon redemption, the notes will be canceled.

Based in Paris, the issuer is an oil, gas and solar power company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.