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

News General Global 10 SEP 2020
Orange makes debut in sustainable bond market with EUR 500 mln issue

Orange has raised EUR 500 million through what it described as its first sustainable bond issue, which will be used to fund energy efficiency and circular economy projects (60 percent), and digital/social inclusion initiatives (40 percent). The 9-year fixed-rate bond, which was oversubscribed by over five times, has a coupon of 0.125 percent. The company said that it welcomed the significant interest shown from socially responsible investors, adding that the funds will support the sustainability targets set out in its medium- and long-term strategy.

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General

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Orange

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Global

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France

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Financial funding, Corporate social responsibility

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