Chicago, May 12 – Orange SA sold €500 million of 2.375% 10-year sustainability bonds, according to a press release.
The spread priced at 60 basis points over mid-swaps.
The issue was more than five times oversubscribed, with interest from French and international ESG investors.
Barclays and Natixis are the global coordinators.
Active bookrunners are Goldman Sachs, HSBC, La Banque Postale and RBC.
Proceeds will be used to finance projects in the green and social fields.
Around half of the proceeds will be used for digital and social inclusion projects and half will be used for energy efficiency and circular economy projects.
This is the second issue of sustainability bonds for Orange. A first transaction was carried out in 2020, also for €500 million.
The telecommunications company is based in Paris.
| Issuer: | Orange SA
|
| Amount: | €500 million
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| Issue: | Sustainability bonds
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| Tenor: | 10 years
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| Bookrunners: | Barclays, Natixis, Goldman Sachs, HSBC, La Banque Postale and RBC
|
| Green assessor: | Vigeo Eiris
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| Coupon: | 2.375%
|
| Spread: | Mid-swaps plus 60 bps
|
| Trade date: | May 11
|
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