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Orange — Capital/Financing Update 2011
Jun 15, 2011
1574_iss_2011-06-15_4fb5b959-73fe-4e5f-ae66-0454701719ec.pdf
Capital/Financing Update
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Not for distribution in the USA or Italy
France Telecom raises EUR 670 million bonds maturing in 2019 and 2021
France Telecom has closed a EUR 670 million bond issue in order to take advantage of the decrease in interest rates since mid-April.
The Group has structured this transaction in a dual-tranche tap in order to increase the size of existing outstanding bonds maturing in January 2019 and January 2021 to EUR 750 million and EUR 1250 million respectively, so as to enhance for investors the liquidity of these two bonds on the secondary market.
| Currency | Format | Term | Notional | Yield | Re-offer spread |
|---|---|---|---|---|---|
| EUR | Fixed rate | January 2019 | 170 million | 3.936 % | m/s + 85 bp |
| EUR | Fixed rate | January 2021 | 500 million | 4.219 % | m/s + 93 bp |
Barclays, Crédit Agricole CIB, Goldman Sachs and Santander acted as bookrunners.
About Orange
France Telecom-Orange is one of the world's leading telecommunications operators with 170,000 employees worldwide, including 102,000 employees in France, and sales of 11.2 billion euros in the first quarter 2011. Present in 35 countries, the Group had a customer base of 215.9 million customers at 31 March 2011, including 141.6 million customers under the Orange brand, the Group's single brand for internet, television and mobile services in the majority of countries where the company operates. At 31 March 2011, the Group had 156.7 million mobile customers and 13.9 million broadband internet (ADSL, fibre) customers worldwide. Orange is one of the main European operators for mobile and broadband internet services and, under the brand Orange Business Services, is one of the world leaders in providing telecommunication services to multinational companies.
With its industrial project, "conquests 2015", Orange is simultaneously addressing its employees, customers and shareholders, as well as the society in which the company operates, through a concrete set of action plans. These commitments are expressed through a new vision of human resources for employees; through the deployment of a network infrastructure upon which the Group will build its future growth; through the Group's ambition to offer a superior customer experience thanks in particular to improved quality of service; and through the acceleration of international development
France Telecom (NYSE:FTE) is listed on Euronext Paris (compartment A) and on the New York Stock Exchange.
For more information (on the internet and on your mobile): www.orange.com, www.orange-business.com, www.orangeinnovation.tv
Orange and any other Orange product or service names included in this material are trade marks of Orange Brand Services Limited, Orange France or France Telecom.
Press contacts: +33 1 44 44 93 93
Sébastien Audra, [email protected] Olivier Emberger, [email protected] Tom Wright, [email protected]
CAUTION
NOT FOR DISTRIBUTION IN THE UNITED STATES
This press release, of a purely informative nature, is not and cannot in any way be construed as an offering to sell any securities, or as a solicitation of any offer to buy securities, in any jurisdiction, including the United States, Japan, Australia, Canada, Spain, the United Kingdom, Germany or Italy. The securities mentioned in this press release have not been and will not be registered pursuant to the US Securities Act of 1933, as modified. They cannot be offered or sold in the United States absent registration or an exemption from registration. No public offer of these securities has been or will be made in the United States or elsewhere.