Orange: prices E500m subordinated fixed rate notes

(CercleFinance.com) - Orange has successfully priced its issuance of 500 million euros of undated 7.
5 year non-call deeply subordinated fixed to reset rate notes, with a fixed coupon of 1.75% until the first call date.

These notes will have a coupon of 1.75% until the first call date.

"Proceeds will be used to general corporate purposes, including the potential refinancing of the EUR 500 million outstanding notes of the EUR 1.0bn deeply subordinated fixed to reset rate notes with first call date on February 7th, 2020," Orange said.


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