By Cristal Cody
Eureka Springs, Ark., Oct. 25 – Orange SA priced $1.25 billion of 1.625% three-year notes on Tuesday at a spread of 67 basis points over Treasuries, according to an FWP filing with the Securities and Exchange Commission.
The notes (Baa1/BBB+) priced at 99.854 to yield 1.675%.
J.P. Morgan Securities LLC, BofA Merrill Lynch, Morgan Stanley & Co. LLC and MUFG were the bookrunners.
Proceeds will be used for general corporate purposes.
The telecommunications company is based in Paris.
| Issuer: | Orange SA
|
| Amount: | $1.25 billion
|
| Description: | Notes
|
| Maturity: | Nov. 3, 2019
|
| Bookrunners: | J.P. Morgan Securities LLC, BofA Merrill Lynch, Morgan Stanley & Co. LLC, MUFG
|
| Coupon: | 1.625%
|
| Price: | 99.854
|
| Yield: | 1.675%
|
| Spread: | Treasuries plus 67 bps
|
| Make-whole call: | Treasuries plus 12.5 bps
|
| Trade date: | Oct. 25
|
| Settlement date: | Nov. 3
|
| Ratings: | Moody’s: Baa1
|
| S&P: BBB+
|
| Distribution: | SEC registered
|
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