REG-TOTAL Total has Successfully issued Hybrid Bonds To Finance Its Development Strategy in Renewables

TotalEnergies SEAnnouncement

19/01/2021 07:05

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Total has Successfully issued Hybrid Bonds To Finance Its Development Strategy
in Renewables

 

Total SE (Paris:FP) (LSE:TTA) (NYSE:TOT) today successfully issued perpetual
subordinated bonds in the amount of €3 billion:

- €1.5 billion at 1.625% coupon for the tranche with a 7 year first call
date

- €1.5 billion at 2.125% coupon for the tranche with a 12 year first call
date

The proceeds from the bonds will be used to finance its development strategy,
mainly acquisitions, in renewables, in particular €1.7 billion for the
acquisition of a 20% interest in Adani Green Energy Limited.

With a weighted average coupon of 1.875%, this issuance that was very well
received by investors will allow the Group to finance its development in
renewables at a reduced capital cost.

Jean-Pierre Sbraire, Chief Financial Officer at Total, said: “These hybrid
bonds provide a cost of capital comparable to that of pure players in
renewables and is therefore suited to finance acquisitions in this business.
These bonds will finance in a very competitive way our development in
renewables, which is at the heart of our strategy to transform Total into a
broad energy company.”

***

About Total

Total is a broad energy company that produces and markets fuels, natural gas
and electricity. Our 100,000 employees are committed to better energy that is
more affordable, more reliable, cleaner and accessible to as many people as
possible. Active in more than 130 countries, our ambition is to become the
responsible energy major.

Cautionary Note

This press release, from which no legal consequences may be drawn, is for
information purposes only. The entities in which TOTAL SE directly or
indirectly owns investments are separate legal entities. TOTAL SE has no
liability for their acts or omissions. In this document, the terms
“Total”, “Total Group” and Group are sometimes used for convenience.
Likewise, the words “we”, “us” and “our” may also be used to refer
to subsidiaries in general or to those who work for them. This document may
contain forward-looking information and statements that are based on a number
of economic data and assumptions made in a given economic, competitive and
regulatory environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL SE nor any of its
subsidiaries assumes any obligation to update publicly any forward-looking
information or statement, objectives or trends contained in this document
whether as a result of new information, future events or otherwise.



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Total Contacts 

Media Relations: +33 1 47 44 46 99 l presse@total.com
(mailto:presse@total.com) l @TotalPress

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