Orange has successfully issued bonds in euros in 5 tranches for a nominal amount of 5 billion euros:

-    €750 million maturing in 3 years with an annual coupon of 2.5%
-    €1 billion maturing in 6 years with an annual coupon of 3.125%
-    €1.375 billion maturing in 9 years with an annual coupon of 3.5%
-    €1.375 billion maturing in 12.5 years with an annual coupon of 3.75%
-    €500 million maturing in 20 years with an annual coupon of 4.125%

With a total order book exceeding €20 billion, today's bond issuance demonstrates Orange's strong profile, market confidence in its "Lead the Future" strategic plan, and the new chapter opened by the announcement of the potential re-consolidation of MasOrange.

Orange plans to use the proceeds for the company's general corporate purposes, which may include refinancing its existing debt and/or the potential acquisition of a 50% stake in MasOrange.

Below are the characteristics of the bonds issued:

HSBC, Santander and Société Générale are acting as Global Coordinators.
HSBC, Santander, Société Générale, Deutsche Bank, J.P. Morgan, Morgan Stanley, Natixis, SMBC, Standard Chartered Bank AG are acting as Bookrunners. 

 

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.

About Orange

About Orange Orange is one of the world’s leading telecommunications operators. The Group aims to be the trusted partner for everyday digital life by providing individuals, businesses and communities with reliable connectivity and innovative services. As of the end of 2025, Orange connects 340 million customers (including MasOrange) across 26 countries and generated 40.4 billion euros in revenues.
As a trusted player, Orange leverages the excellence of its very high-speed broadband networks to deploy digital infrastructure in Europe, Africa and the Middle East. The Group is a European leader in fiber, with 100 million connectable households, and convergent offers. In France, Orange connects 34 million customers and was ranked No. 1 by the regulator Arcep for the quality of its mobile network for the 15th consecutive year. In Africa and the Middle East, the Group’s growth engine, Orange serves nearly 180 million customers and promotes digital and financial inclusion through its connected solutions.
Under the Orange Business brand, the Group supports companies in transforming their networks as well as in AI, trusted cloud and cybersecurity. Orange is also a major player in the wholesale market, where it has a leading global telecom infrastructure and significant capabilities for deploying and operating submarine cables. A committed innovator, Orange relies on 700 researchers and holds a portfolio of 11,000 patents.

Orange is listed on Euronext Paris (symbol ORA). More information: www.orange.com. 

Orange and any other Orange product or service names mentioned in this material are trademarks of Orange or Orange Brand Services Limited.