Orange issues a 6.5-year 0.75% EUR 750 million bond and a 10.5- year 1.50% EUR 500 million bond
March 02 2017 - 11:16AM
press release
Paris, March 2, 2017
Not for
distribution in the United States of America
Orange issues a 6.5-year 0.75% EUR 750 million
bond and a 10.5-year 1.50% EUR 500 million bond
Orange has agreed to sell EUR 750 million of notes
due September 2023 with a coupon of 0.75 % and EUR 500 million of
notes due September 2027 with a coupon of 1.50%.
Currency |
Format |
Term |
Notional |
Coupon |
Re-offer
spread |
EUR |
Fixed
rate |
2023 |
750
million |
0.75% |
m/s + 50
bps |
EUR |
Fixed
rate |
2027 |
500
million |
1.50% |
m/s + 78
bps |
Barclays, Royal Bank of Canada, Societe Generale
and Unicredit are acting as bookrunners for the 6.5 year
offering.
Barclays, Commerzbank, Credit Suisse and Societe
Generale are acting as bookrunners for the 10.5 year offering.
Barclays and Societe Generale 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 40,9 billion euros in
2016 and 155,000 employees worldwide at 31 December 2016, including
96,000 employees in France. Present in 29 countries, the Group has
a total customer base of 263 million customers worldwide at 31
December 2016, including 202 million mobile customers and
18 million fixed broadband customers. Orange is also a leading
provider of global IT and telecommunication services to
multinational companies, under the brand Orange Business Services.
In March 2015, the Group presented its new strategic plan
"Essentials2020" which places customer experience at the heart of
its strategy with the aim of allowing them to benefit fully from
the digital universe and the power of its new generation
networks.
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.com
Tom 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.
Orange issues bonds
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Orange via Globenewswire
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