TotalEnergies SE Announces Redemption of Subordinated Notes
Important Notice from TotalEnergies SE
TotalEnergies SE is set to make a significant announcement regarding the redemption of its outstanding subordinated notes. This notification is intended for stakeholders and provides crucial details about the nature of the redemption.
Overview of the Redeemed Notes
The company, previously known as TOTAL SE, has issued €2,500,000,000 Undated Non-Call 10 Year Deeply Subordinated Fixed Rate Resettable Notes. This issuance occurred on February 26, 2015, under their Euro Medium Term Note Programme. These notes are recognized under the ISIN XS1195202822 and Common Code 119520282.
Redemption Details
According to the prospectus, the issuer plans to redeem all outstanding notes on February 26, 2025. The total principal amount being redeemed will be €1,081,581,000. This notice serves as an irrevocable commitment to this course of action.
Redemption Price Information
The redemption price for these notes is the principal amount, which is issued in denominations of €100,000, in addition to any accrued interest and Arrears of Interest. As such, the redemption price amounts to €102.625,00 per €100,000 denomination. This reflects a straightforward process for noteholders looking to receive their entitled amounts.
Process Following Redemption Date
On the specified redemption date, all redeemed notes will be promptly canceled by TotalEnergies SE, completing the redemption process. Stakeholders can rest assured that they will receive their payments in accordance with the outlined terms.
ISIN and Common Code Clarification
The ISIN and Common Code included in this notice are for the convenience of noteholders. Importantly, TotalEnergies SE does not guarantee the accuracy or correctness of these identification numbers as they pertain to the notes. Nevertheless, any such discrepancies will not hinder the redemption process.
Conclusion
TotalEnergies SE continues to maintain transparency with its stakeholders through such notices. This announcement not only provides specific details regarding the redemption but also emphasizes the company's commitment to keeping its investors informed and engaged. The stock ticker for TotalEnergies SE on the New York Stock Exchange is NYSE:TTE, which remains a focal point for investors monitoring their portfolios.
Frequently Asked Questions
What is the redemption date for TotalEnergies SE's notes?
The redemption date for TotalEnergies SE's notes is set for February 26, 2025.
How much principal amount will be redeemed?
TotalEnergies SE plans to redeem a total principal amount of €1,081,581,000.
What is the redemption price per denomination?
The redemption price is €102.625,00 per €100,000 denomination.
What happens to the notes on the redemption date?
All redeemed notes will be canceled by TotalEnergies SE on the redemption date.
Is there any guarantee on the ISIN and Common Code accuracy?
No, TotalEnergies SE does not guarantee the accuracy of the ISIN or Common Code numbers provided in the notice.
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