Total attracts outsiders into its €2.75bn blowout, cuts pricing sharply

Ross Lancaster

July 05, 2016 04:15 PM

Total 230x150 — An employee of the 'Total' oil refinery stands in front of a large tank with the company's logo in Leuna, Germany, 12 March 2014. A general inspection under the project title 'Matrix' is being conducted as part of the regular six week inspection cycle, during which the facilities will be inspected and, if necessary, repaired or complemented. The most modern oil refinery in Europe belongs to French oil and gas company Total and processes about 30,000 tons of crude oil daily, which hails mainly from Russia. Photo: Waltraud Grubitzsch/ZB | Waltraud Grubitzsch/DPA Germany

Total was able to take a clean run at the European investment grade corporate bond market on Thursday as it issued a €2.75bn dual tranche deal and attracted buyers from outside the usual corporate investor base.

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Topics

Credit Suisse Bank of America Crédit Agricole Corporate Bonds Goldman Sachs High grade and crossover bonds

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Ross Lancaster