TotalEnergies to redeem €1.5bn subordinated notes in October 2026

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Reviewed by
Ritika DScanX News Team
Key Highlights
  • TotalEnergies SE will redeem €1.5 billion in deeply subordinated notes
  • Redemption date is set for October 6, 2026
  • Price per €100,000 denomination is €103,369 including accrued interest
  • Action taken under Optional Redemption clause of the note terms
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TotalEnergies SE has issued an irrevocable notice to redeem its €1.5 billion deeply subordinated fixed rate resettable notes. The redemption is scheduled for October 6, 2026.

The French energy major elected to redeem the notes under Condition 6.2 (Optional Redemption) of their terms and conditions. The instrument was originally issued on October 6, 2016, under the company's €35 billion Euro Medium Term Note Programme.

Redemption Terms

The redemption price equals the principal amount plus accrued interest from October 6, 2025, up to but excluding the redemption date. This includes any Arrears of Interest and Additional Interest Amounts.

Instrument Detail Value
Aggregate Principal €1,500,000,000
Redemption Date October 6, 2026
Price per €100k €103,369
ISIN XS1501166869

Upon the redemption date, the notes will be cancelled forthwith. The notice applies to all outstanding notes in this series.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How might TotalEnergies' decision to redeem these notes impact its current credit ratings and future borrowing costs?

What alternative financing strategies is TotalEnergies likely to pursue to replace this €1.5 billion liability before the 2026 redemption date?

Could this redemption signal a shift in TotalEnergies' capital allocation priorities towards renewable energy investments or shareholder returns?

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TotalEnergies SE discloses share capital and voting rights as of August 31, 2026

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Reviewed by
Naman SScanX News Team
Key Highlights
  • TotalEnergies SE reported 2,281,656,714 total shares as of August 31, 2026
  • Theoretical voting rights equal the total share count at 2,281,656,714
  • Exercisable voting rights are 2,210,734,502 after deducting treasury shares
  • The company holds 70,922,212 treasury shares which reduce exercisable votes
  • Filing complies with French Commercial Code and AMF General Regulation
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TotalEnergies SE disclosed its total number of shares and voting rights in a regulatory filing mandated by French commercial law. The disclosure provides a snapshot of the company’s share capital structure as of August 31, 2026.

The filing was issued in compliance with Article L.233-8-II of the French Commercial Code and article 223-16 of the General Regulation of the AMF. TotalEnergies is listed on the Paris Euronext, London Stock Exchange, and New York Stock Exchange.

Share Capital Structure

The company reported a total of 2,281,656,714 shares outstanding as of the reporting date. This figure represents the full share capital to which voting rights are attached.

Metric Count
Total number of shares 2,281,656,714
Theoretical voting rights 2,281,656,714
Exercisable voting rights 2,210,734,502

Voting Rights Breakdown

Theoretical voting rights match the total share count, calculated in accordance with Article 223-11 of the AMF General Regulation. This calculation includes all shares with attached voting rights, even those where rights have been suspended.

Exercisable voting rights stand at 2,210,734,502. This figure is lower than the theoretical count due to the deduction of 70,922,212 treasury shares held by the company. Treasury shares do not carry exercisable voting rights.

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

How might the significant volume of 70.9 million treasury shares influence TotalEnergies' future capital allocation strategies, such as potential buybacks or dividend adjustments?

What impact could the discrepancy between theoretical and exercisable voting rights have on shareholder activism or corporate governance decisions in upcoming annual meetings?

Given TotalEnergies' multi-listing status, how might regulatory differences between France, the UK, and the US affect the interpretation or enforcement of these voting rights disclosures?

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