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CAP - Orange: Orange issued €1.5 billion in the bond market, including a €750 million sustainable bond

Company: Orange Date: 2025-05-12 Language: English Register to download

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## Not for distribution in the United States of America

Orange issued €1.5 billion in the bond market, including a €750 million sustainable bond

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:

| Currency | Format                           | Term     | Notional     | Coupon | Re-offer<br>spread |
|----------|----------------------------------|----------|--------------|--------|--------------------|
| EUR      | Taux fixe                        | Mai 2029 | 750 millions | 2,75%  | m/s + 60 bps       |
| EUR      | Format<br>durable à<br>taux fixe | Mai 2035 | 750 millions | 3.50%  | m/s + 103 bps      |

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.

## About Orange

Orange is one of the world's leading telecommunications operators with revenues of 40.3 billion euros in 2024 and 125,800 employees worldwide at 31 March 2025, including 69,700 employees in France. The Group has a total customer base of

294 million customers worldwide at 31 March 2025, including 256 million mobile customers and 22 million fixed broadband customers. These figures account for the deconsolidation of certain activities in Spain following the creation of MASORANGE. The Group is present in 26 countries (including non-consolidated countries).

Orange is also a leading provider of global IT and telecommunication services to multinational companies under the brand Orange Business. In February 2023, the Group presented its strategic plan "Lead the Future", built on a new business model and guided by responsibility and efficiency. "Lead the Future" capitalizes on network excellence to reinforce Orange's leadership in service quality. Orange is listed on Euronext Paris (symbol ORA).

For more information on the internet and on your mobile[: www.orange.com,](https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.orange.com%2F&data=05%7C02%7Canne-france.simon%40orange.com%7Cbef6a24c00664bf2599008dcabdc3d71%7C90c7a20af34b40bfbc48b9253b6f5d20%7C0%7C0%7C638574209632373882%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=eySqk1wfoC5gZnNX7I7cJL3o2h5g3X%2BBYVKsH2yQxcQ%3D&reserved=0) [www.orange-business.com](https://eur03.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.orange-business.com%2F&data=05%7C02%7Canne-france.simon%40orange.com%7Cbef6a24c00664bf2599008dcabdc3d71%7C90c7a20af34b40bfbc48b9253b6f5d20%7C0%7C0%7C638574209632392753%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=bdQsjPKoLWZ4Qhj97%2Br2MOuBDslxXTp%2BCdvq%2FntZJMc%3D&reserved=0) and the Orange News app or to follow us on X: @orangegrouppr.

Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.

## Contacts presse : Tom Wright : [tom.wright@orange.com](mailto:tom.wright@orange.com)

## AVERTISSEMENT : NE PAS DISTRIBUER AUX ETATS-UNIS

Ce communiqué de presse ne constitue pas une offre de vente ou de souscription, ni une sollicitation d'ordres d'achat ou de souscription de valeurs mobilières, en particulier aux États-Unis, au Japon, Canada, Australie, Royaume-Uni. La diffusion de ce document peut dans certains autres pays faire également l'objet d'une réglementation spécifique. Aucune offre de vente ou sollicitation d'ordre d'achat ou de souscription de valeur mobilière ne saurait être effectuée dans un pays ou territoire dans lequel une telle offre ou sollicitation serait contraire à la réglementation en vigueur ou avant son enregistrement ou sa qualification en vertu du droit boursier en vigueur dans ledit pays ou territoire. En particulier, les valeurs mobilières ne peuvent être ni offertes ni cédées aux États-Unis sans enregistrement ou exemption d'enregistrement conformément au U.S. Securities Act de 1933 (tel que modifié).