Total follows sterling with €1.85bn twin trancher

By Richard Metcalf
12 Nov 2014

Total on Wednesday priced a €1bn floating rate note and an €850m fixed rate bond, just a day after it issued a six year sterling deal.

The FRN was only the second in the currency to reach the €1bn mark this year, the first being BMW’s three year issued on March 27.

“The big story here is how the FRN market is taking off,” said a banker at one of the bookrunners, which were Bank ...

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