Not for distribution in the United States of America
Orange issues a 12-year 0.625% EUR 1 billion bond.
BBVA, BNP Paribas, Crédit Agricole CIB, CIC, CITI, Deutsche Bank, ING and Morgan Stanley are acting as Bookrunners.
Crédit Agricole CIB and Morgan Stanley are acting as Global Coordinators.
With this offering, Orange is pursuing its prudent and active balance sheet management policy.