By Andrea Heisinger
New York, June 17 - Total Capital sold $2.5 billion of unsecured global notes (Aa1/AA/) in two tranches on Thursday, an informed source said.
The $1.25 billion of 3% five-year notes priced at 99.609 to yield 3.085% with a spread of Treasuries plus 110 basis points.
A $1.25 billion tranche of 4.45% 10-year notes sold at 99.601 to yield 4.5% with a spread of 130 bps over Treasuries.
Both tranches have a make-whole call at Treasuries plus 20 bps.
The notes are guaranteed by Total SA.
Bank of America Merrill Lynch, Barclays Capital Inc. and HSBC Securities were active bookrunners. Passive bookrunners were Credit Suisse Securities and UBS Investment Bank.
Proceeds are being used for general corporate purposes.
The oil and gas company is based in Courbevoie, France.
| Issuer: | Total Capital
|
| Guarantor: | Total SA
|
| Issue: | Unsecured global notes
|
| Amount: | $2.5 billion
|
| Bookrunners: | Bank of America Merrill Lynch, Barclays Capital Inc., HSBC Securities (active), Credit Suisse Securities, UBS Investment Bank (passive)
|
| Trade date: | June 17
|
| Settlement date: | June 24
|
| Ratings: | Moody's: Aa1
|
| Standard & Poor's: AA
|
|
|
| Five-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | June 24, 2015
|
| Coupon: | 3%
|
| Price: | 99.609
|
| Yield: | 3.085%
|
| Spread: | Treasuries plus 110 bps
|
| Call: | Make-whole at Treasuries plus 20 bps
|
|
|
| 10-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | June 24, 2020
|
| Coupon: | 4.45%
|
| Price: | 99.601
|
| Yield: | 4.5%
|
| Spread: | Treasuries plus 130 bps
|
| Call: | Make-whole at Treasuries plus 20 bps
|
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