Orange issues new bonds for a total notional of 1.5 billion
31 Março 2020 - 3:35PM
Orange issues new bonds for a total notional of 1.5 billion
Press releaseParis, March 31, 2020
Not for distribution in the United States
of America
Orange issues new bonds for a total notional of
1.5 billion across two tranches: a 7-year 1.250% EUR 750 million
bond and a 12-year 1.625% EUR 750 million bond.
Currency |
Format |
Term |
Notional |
Coupon |
Re-offer spread |
EUR |
Fixed rate |
2027 |
750 million |
1.250% |
m/s + 140 bps |
EUR |
Fixed rate |
2032 |
750 million |
1.625% |
m/s + 165 bps |
Bank of America Securities, BNP Paribas, J.P.
Morgan, Morgan Stanley, MUFG and Santander are acting as
Bookrunners.
Bank of America Securities and BNP Paribas are
acting as Global Coordinators.
With these offerings, Orange pursues its prudent
and active balance sheet management.
About
Orange
Orange is one of the world’s leading
telecommunications operators with sales of 42 billion euros in 2019
and 147,000 employees worldwide at 31 December 2019, including
87,000 employees in France. The Group has a total customer base of
266 million customers worldwide at 31 December 2019, including 207
million mobile customers and 21million fixed broadband customers.
The Group is present in 26 countries. Orange is also a leading
provider of global IT and telecommunication services to
multinational companies, under the brand Orange Business Services.
In December 2019, the Group presented its new "Engage 2025"
strategic plan, which, guided by social and environmental
accountability, aims to reinvent its operator model. While
accelerating in growth areas and placing data and AI at the heart
of its innovation model, the Group will be an attractive and
responsible employer, adapted to emerging professions.
Orange is listed on Euronext Paris (symbol ORA)
and on the New York Stock Exchange (symbol ORAN).For more
information on the internet and on your mobile: www.orange.com,
www.orange-business.com or to follow us on Twitter:
@orangegrouppr.Orange and any other Orange product or service names
included in this material are trademarks of Orange or Orange Brand
Services Limited.
Press contacts: +33 1 44 44 93
93
Olivier Emberger; olivier.emberger@orange.comTom
Wright; tom.wright@orange.com
CAUTION: NOT FOR DISTRIBUTION IN
THE UNITED STATES
This press release, of a purely informative
nature, is not and cannot in any way be construed as an offering to
sell any securities, or as a solicitation of any offer to buy
securities, in any jurisdiction, including the United States,
Japan, Australia, Canada and the United Kingdom. The securities
mentioned in this press release have not been and will not be
registered pursuant to the US Securities Act of 1933, as modified.
They cannot be offered or sold in the United States absent
registration or an exemption from registration. No public offer of
these securities has been or will be made in the United States or
elsewhere.
- PR émission_obligation 03 2020