Orange : Orange issues 4 tranches of bonds for c. 4.0 billion euros equivalent
08 Enero 2019 - 11:53AM
Not for
distribution in the United States of America
Orange issues 4 tranches for c. 4.0 billion euros
equivalent : a 3-year 0.50% EUR 650 million bond, a 5.5-year
1.125% EUR 1.25 billion bond, a 10-year 2.00% EUR 1.25 billion bond
and a 13-year 3.25% GBP 750 million bond
Currency |
Format |
Term |
Notional |
Coupon |
Re-offer
spread |
EUR |
Fixed
rate |
2022 |
650
million |
0.50% |
m/s + 55
bps |
EUR |
Fixed
rate |
2024 |
1.25
billion |
1.125% |
m/s + 85
bps |
EUR |
Fixed
rate |
2029 |
1.25
billion |
2.00% |
m/s + 120
bps |
GBP |
Fixed
rate |
2032 |
750
million |
3.25%* |
gilt + 180
bps |
*implying a lower interest rate after hedging in
euros
BNP Paribas, HSBC, Barclays, Commerzbank, JP
Morgan, Natixis, Citi, Crédit Suisse and Morgan Stanley are acting
as bookrunners.
BNP Paribas and HSBC 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 41 billion euros
in 2017 and 150,000 employees worldwide at 30 September 2018,
including 92,000 employees in France. The Group has a total
customer base of
261 million customers worldwide at 30 September 2018, including 201
million mobile customers and 20 million fixed broadband customers.
The Group is present in 28 countries. 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.
Bond issuance
This
announcement is distributed by West Corporation on behalf of West
Corporation 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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