Total Capital Canada, an affiliate of French energy giant Total, has raised $2 billion in a three-part bond sale, Reuters reports. The first two tranches were priced by Total Capital Canada and the third tranche was priced by Total Capital. The $750 million floating coupon rate notes will mature on Jan. 17, 2014, while 1.62% bonds worth $750 million will be due on Jan. 28, 2014.The company also sold $500 million of notes which carry a coupon rate of 4.12% and will mature on Jan. 28, 2021. The notes are guaranteed by the parent company. The joint book-running managers for the sale were Bank of America Merrill Lynch, Credit Suisse and Morgan Stanley.
Click here for the story from Reuters.