Total mandates banks for multi-tranche euro hybrid

Richard Metcalf

February 13, 2015 04:45 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

French oil company Total SA has mandated banks for a multi-tranche euro hybrid bond deal, after the drop in oil prices last year put the credit ratings of oil companies under pressure.

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News content Citi Barclays HSBC Corporate Bonds Société Générale High grade and crossover bonds

Richard Metcalf

People & Markets Editor GlobalCapital