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PARIS - TotalEnergies (EPA:TTEF) Capital International plans to issue three euro-denominated benchmark bonds with 6-year, 10-year, and 15-year maturities, according to a pre-stabilization announcement released Tuesday.
J.P. Morgan SE will serve as the stabilization coordinator for the bond offering, alongside stabilization managers BBVA (BME:BBVA), Deutsche Bank (ETR:DBKGn), MUFG, RBC, Societe Generale (OTC:SCGLY), and Wells Fargo (NYSE:WFC).
The stabilization period is expected to begin on June 24, 2025, and end no later than July 24, 2025. During this time, stabilization managers may over-allot securities by up to 5% of the aggregate nominal amount to support the market price.
The bonds will be issued in Regulation S format as bearer dematerialized securities with a minimum denomination of €100,000. They will be listed on the Paris exchange.
The stabilization managers may conduct transactions to potentially maintain the securities’ market price at levels higher than might otherwise prevail, though stabilization is not guaranteed to occur and may cease at any time.
The offering is directed at qualified investors outside the United States, as the securities have not been and will not be registered under the U.S. Securities Act of 1933.
This article is based on information contained in a press release statement from TotalEnergies Capital International.
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