Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 27-10-2016 | Practice Area: | Debt Capital Markets |
| Deal Title: | Total SA Deeply Subordinated Resettable Notes | Industry: | Oil & Gas Producers |
| Description: |
White and Case LLP advised HSBC, Deutsche Bank, JP Morgan and Morgan Stanley as joint bookrunners on the dual-tranche issuance by Total SA of EUR2.5 billion hybrid notes.
The bonds, issued on October 6, 2016, were listed on the regulated market of Euronext Paris. The first tranche comprised EUR1 billion undated non-call 6.6-year deeply subordinated fixed rate resettable notes, and the second comprised EUR1.5 billion undated non-call ten-year deeply subordinated fixed rate resettable notes. The 6.6-year non-call tranche paid an annual coupon of 2.708 percent, and the ten-year non-call tranche paid an annual coupon of 3.369 percent, each subject to a periodic interest rate step-up.
|
||
| Financial Center: | Paris | Value: | 1000.01-5000.00 |
| Advised Party: | Lead Manager | Law Firm | White & Case |
| Issuer Jurisdiction | France | Listing Jurisdiction | France |
| Classification: |
Corporate Bonds Subordinated Debt |
Lawyer | Cenzi Gargaro |
