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Orange — Capital/Financing Update 2009
Jun 30, 2009
1574_rns_2009-06-30_9941590a-22f7-474a-b41b-185237321913.pdf
Capital/Financing Update
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France Telecom offers USD 2.5 billion in notes
France Telecom placed in the United States USD 2.5 billion in notes, in two tranches:
| Currency | Format | Term | Notional | Coupon | Re-offer spread |
|---|---|---|---|---|---|
| USD | Fixed rate | 5 years | 1.25 billion | 4.375% | US Treasury Bond + 195bps |
| USD | Fixed rate | 10 years | 1.25 billion | 5.375% | US Treasury Bond + 195bps |
In line with its debt management principles announced in March the Group has seized a window of opportunity in the dollar bond market to diversify its funding sources and optimize its debt.
Banc of America Securities LLC, J.P. Morgan Securities Inc., BNP Paribas Securities Corp., Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated are acting as bookrunners.
About France Telecom
France Telecom, one of the world's leading telecommunications operators, had consolidated sales of 53.5 billion euros in 2008 (12.7 billion euros in the first quarter of 2009) and, at March 31, 2009, a customer base of more than 183.5 million customers in 30 countries. Orange, the Group's single brand for Internet, television and mobile services in the majority of countries where the company operates, now covers 123 million customers at March 31, 2009.
France Telecom (NYSE:FTE) is listed on Euronext Paris (compartment A) and on the New York Stock Exchange.
Press contacts: +33 1 44 44 93 93
Bertrand Deronchaine – [email protected] Tom Wright – [email protected]
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
When available, a written prospectus meeting the requirements of Section 10 of the US Securities Act of 1933, as amended, may be obtained, subject to applicable law, from: Banc of America Securities LLC at +1 800 294-1322, J.P. Morgan Securities Inc. at +1-212-834-4533, BNP Paribas Securities Corp. at +1 212 841-2871, Goldman, Sachs & Co. at +1 866 471-2526, Morgan Stanley & Co. Incorporated at +1-866-718-1649 or France Telecom at +33 1 44 44 22 22.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). The Notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such Notes will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
Not for distribution in Japan.