Press release: Orange borrows USD 1.25 billion, at a negative rate after hedging in euro
October 25 2016 - 5:59PM
press release
Paris, October 25, 2016
Not for
distribution in the United States of America nor in Japan
Orange borrows USD 1.25 billion, at a negative
rate after hedging in euro
Orange has agreed to sell USD 1.25 billion of
notes due 2019 in a registered public bond offering in the United
States of America, with a coupon of 1.625% and a negative interest
rate after hedging in euro of -0.15%.
Currency |
Format |
Term |
Notional |
Coupon |
Re-offer
spread |
Interest
rate after hedging in euro |
USD |
Fixed
rate |
2019 |
1.25
billion |
1.625% |
US
Treasury Bond + 67 bps |
-0.15% |
BofA Merrill Lynch, J.P. Morgan, Morgan Stanley
and MUFG are acting as bookrunners for the offering.
The Group takes advantage of favorable market
conditions to optimize its average cost of debt and intends to
pursue its opportunistic refinancing policy.
About Orange
Orange is one of the world's leading
telecommunications operators with sales of 40 billion euros in 2015
and 154,000 employees worldwide at 30 September 2016, including
95,000 employees in France. Present in 29 countries, the Group has
a total customer base of 256 million customers worldwide at 30
September 2016, including 194 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, www.livetv.orange.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
KINGDOM
This document is only being distributed to and is only directed at
(i) persons who are outside the United Kingdom or (ii) in the
United Kingdom to qualified investors (as defined in the Prospectus
Directive) who are (a) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order") or (b) high net
worth companies, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order
(all such persons together being referred to as "relevant
persons"). The notes are only available to, and any invitation,
offer or agreement to subscribe, purchase or otherwise acquire such
notes will be engaged in only with, relevant persons. Any person
who is not a relevant person should not act or rely on this
document or any of its contents.
CAUTION: THIS DOCUMENT IS NOT AN
OFFER OF SECURITIES FOR SALE IN THE UNITED STATES
The securities may not be offered or sold in the United States
absent registration or an exemption from the registration
requirements of the Securities Act of 1933, as amended. The public
offering of securities made in the United States will be made by
means of a prospectus that may be obtained from the Company and
that will contain detailed information about the Company and
management, as well as its financial statements.
Orange_USD_bond_offer_en_251016.pdf
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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