France Telecom-Orange announces US placement of USD900m in 30-year notes

11 Jan 2012

France Telecom-Orange announced yesterday the placement in the United States of USD900 million in 30-year notes, in a single tranche. The French telco said that most of the bond is being swapped into EUR at a rate of 4.88%. In its press release, the group said it had seized a window of opportunity in the dollar bond market to continue to extend the maturity of its debt while anticipating further its future redemptions and keeping diversifying its funding sources. The telco has appointed BNP Paribas, BofA Merrill Lynch, HSBC and Morgan Stanley to act as bookrunners.

France, Orange Group