Orange: Orange issued €1.5 billion in the bond market, including a €750 million sustainable bond

Core Viewpoint - Orange has successfully issued €1.5 billion in the bond market, which includes a €750 million sustainable bond aimed at funding environmentally and socially impactful projects [2][3]. Group 1: Bond Issuance Details - The bond issuance consists of two tranches: €750 million for 4 years with a 2.75% annual coupon and €750 million in sustainable format for 10 years with a 3.50% annual coupon [2][4]. - The sustainable tranche will allocate approximately 50% of the funds to environmental projects, primarily focused on energy efficiency, and about 50% to societal projects, mainly for deploying fiber optics in underserved areas [3]. Group 2: Strategic Implications - This dual tranche issuance allows Orange to broaden its investor base and maintain prudent balance sheet management [4]. - The issuance aligns with Orange's strategic plan "Lead the Future," which emphasizes responsibility and efficiency in its business model [7]. Group 3: Company Overview - Orange is a leading telecommunications operator with revenues of €40.3 billion in 2024 and a global workforce of 125,800 employees as of March 31, 2025 [6]. - The company serves a total customer base of 294 million worldwide, including 256 million mobile customers and 22 million fixed broadband customers [6].