TotalEnergies SE (FR:TTE) has released an update.
TotalEnergies SE has announced a tender offer for its €2.5 billion undated deeply subordinated notes, aiming to manage its hybrid portfolio proactively. The offer includes a maximum acceptance amount of the full €2.5 billion, allowing the company to potentially purchase all the outstanding notes from qualifying holders. This strategic move aligns with their recent pricing of €1.25 billion in new undated subordinated notes.
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