bond issues
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bond issues
You will be able to find all of the bond issues carried out by the France Telecom
SA Group since 2006 below
| date | currency | amount (m€) | maturity | interest rate
|
comments |
| Nov 07 | CHF | 400 | 2014 | 3,5% | bonds |
| Mar 07 | GBP | 250 | 2012 | 6% | bonds with 25-year renewal option |
| Feb 07 | EUR | 1000 | 2012 | 4.375% | bonds |
| Feb 07 | EUR | 1500 | 2017 | 4.75% | bonds |
| Jun 06 | CAD | 250 | 2011 | 4.950% | bonds |
| CAD | 200 | 2016 | 5.500% | bonds | |
| May 06 | GBP | 250 | 2012 | 5.500% | bonds
|
| Apr 06 | CHF | 400 | 2012 | 2.750% | bonds |
For further information on bond issues carried out before 2006, please refer to the financial reports published
financing ressources
France Telecom’s policy in 2007 was to pre-fi nance the bond repayment
scheduled for March 2008 very early on, for 3.3 billion euros, then to give
priority to niche markets (structured EMTN (Euro Medium Term Notes), issued
in Swiss francs). Issues undertaken in 2007 were all kept at a fi xed rate,
enabling a slight upturn in the fi xed-rate part of the Group’s net debt
from 82.7% at December 31, 2006 to 85.5% at December 31, 2007. The average cost
of refi nancing undertaken in 2007 is 4.55% after currency swaps.
The policy of the France Telecom group is to be in a position to meet its coming
repayments on the basis of available cash-flow and credit lines in place, for
the coming twelve months and with no additional financing.
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group EMTN program
You will be able to find the basic prospectus for France Telecom’s last EMTN (Euro Medium Term Notes) program as well as the updates to this document below
