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Orange issues EUR 500 mln hybrid bond

Thursday 12 September 2019 | 09:49 CET | News
Orange announced a new debt issue of EUR 500 million, which will be used for general corporate purposes, such as refinancing. The hybrid securities are scheduled to be admitted to trading on Euronext Paris and should be assigned a rating of Baa3 and BBB- by rating agencies Moody's and S&P respectively, based on an equity content of 50 percent. The undated deeply-subordinated securities have a fixed coupon of 1.75 percent until the first call date. 


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Categories: General
Companies: Orange
Countries: France
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