Orange has completed a bond issuance in two tranches for a total amount of €1.5 billion: €750 million for 4 years with an annual coupon of 2.75% and €750 million in sustainable format for 10 years with an annual coupon of 3.50%.
For this sustainable tranche, Orange plans to allocate approximately 50% of the funds raised to projects with environmental impacts, primarily related to energy efficiency, and about 50% of the funds raised to projects with societal impacts, mainly related to accelerating the deployment of fiber optics in areas at risk of exclusion. This is compliant with Orange’s strategic plan objectives “Lead the Future”, as restated in the sustainable financing framework updated in November 2024.
This dual tranche allows Orange to broaden its investor base and continue its prudent and active balance sheet management.
Below are the characteristics of the issued bonds:
The documentation related to this bond issuance is available on our website, under the "Debt and Rating" section.
Natixis and ING act as Global Coordinators.
Crédit Agricole CIB acts as the Sustainability Structurer.
CaixaBank, Crédit Agricole CIB, La Banque Postale, RBC Capital Markets, SMBC, and Standard Chartered Bank AG act as Bookrunners.
