Total targets retail buyers with A$100m Eurobond

30 Nov 2012

Total priced its third Australian dollar bond of the year on Monday, targeting private banks in a small A$100m issue that is understood to have saved the borrower money, relative to its main funding currencies.

ANZ and TD Securities priced the A$100m ($105m) 3.875% December 2017 notes at 55bp over mid-swaps, in line with guidance of the 55bp area. The deal was sized to demand.

"This is the third Australian dollar trade from Total this year," said a syndicate banker on the trade. "They ...

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