Johannesburg: AfricUpdate – News Desk
Orange has successfully completed a multi-tranche bond issuance in euros totaling €5 billion, underscoring strong investor confidence in the company’s strategic direction and financial stability. The issuance was structured across five tranches: €750 million maturing in three years with an annual coupon of 2.5%; €1 billion maturing in six years with a 3.125% coupon; €1.375 billion maturing in nine years with a 3.5% coupon; €1.375 billion maturing in twelve and a half years with a 3.75% coupon; and €500 million maturing in twenty years with a 4.125% coupon.
The transaction attracted a total order book exceeding €20 billion, reflecting robust market demand and investor confidence in Orange’s “Lead the Future” strategic plan and its potential re-consolidation of MasOrange. Proceeds from the bond issuance will be used for general corporate purposes, which may include refinancing existing debt and financing the potential acquisition of a 50% stake in MasOrange. HSBC, Santander, and Société Générale acted as Global Coordinators for the issuance, while HSBC, Santander, Société Générale, Deutsche Bank, J.P. Morgan, Morgan Stanley, Natixis, SMBC, and Standard Chartered Bank AG served as Bookrunners.
