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News  ›  GlobeNewswire Inc.

Orange: Orange successfully prices a bond issuance in 5 tranches for a total amount of 6 billion US dollars

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Tom Wright
Orange: Orange successfully prices a bond issuance in 5 tranches for a total amount of 6 billion US dollars

Orange completed a 6 billion USD bond issuance across 5 tranches with a weighted average coupon of 4.72% and 9-year average maturity. The offering was over 8x oversubscribed, marking Orange's first USD bond issuance since 2016. Proceeds will support general corporate purposes and potential repayment of MasOrange indebtedness related to Orange's acquisition of the remaining 50% stake in the joint venture.

Insights
ORANY   positive

Strong market reception with 8x oversubscription demonstrates investor confidence. Successfully accessing USD capital markets after a 10-year gap indicates improved financial standing and market conditions. The bond issuance provides necessary funding for strategic acquisition of MasOrange stake, supporting growth objectives.