0
General

Orange issues EUR 500 mln hybrid bond, launches tender offer to repurchase outstanding notes

Thursday 29 April 2021 | 10:20 CET | News
Orange has announced a debt issue of EUR 500 million, which will be used to manage the company's hybrid bond portfolio. The new 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 1.375 percent until the first call date.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Orange
Countries: France
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Orange extends bid for Orange Belgium after less than half of shares tendered

Published 27 Apr 2021 09:33 CET | Belgium
Orange has extended its buy-out offer for Orange Belgium, after a low take-up in the initial bid period. Only 21.66 percent of ...

Orange shows modest growth in organic sales in Q1 on handset, broadband demand

Published 22 Apr 2021 09:03 CET | Europe
Orange showed a return to comparable sales growth in the first quarter, with revenues up 0.5 percent to EUR 10.32 billion. The ...

Orange makes debut in sustainable bond market with EUR 500 mln issue

Published 10 Sep 2020 10:37 CET | World
Orange has raised EUR 500 million through what it described as its first sustainable bond issue, which will be used to fund ...