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Orange
Capital/Financing Update • Aug 28, 2025
1574_iss_2025-08-28_efaf235d-2128-4748-bdd9-b3ade9655152.pdf
Capital/Financing Update
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Not for distribution in the United States of America
Orange issues new bonds for a total notional of euros 900 million
Orange issues a EUR 900 million 12-year bond at 3.75%.
| Currency | Format | Term | Notional | Coupon | Re-offer spread |
|---|---|---|---|---|---|
| EUR | Fixed rate | September 2037 | 900 million | 3.75% | m/s + 108 bps |
Barclays and BofA Securities are acting as Global Coordinators.
Barclays, BBVA, BofA Securities, Crédit Agricole - Corporate Investment Bank, Goldman Sachs Bank Europe SE, HSBC, Santander and UniCredit are acting as Bookrunners.
With this offering, Orange is pursuing its prudent and active balance sheet management policy.
About Orange
Orange is one of the world's leading telecommunications operators with revenues of 40.3 billion euros in 2024 and 124,600 employees worldwide at 30 June 2025, including 68,700 employees in France. The Group has a total customer base of 300 million customers worldwide at 30 June 2025, including 262 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, www.orange-business.com 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.
Press contact:
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 and the United Kingdom. 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.