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Orange announces the results of its tender offer on outstanding hybrid notes
- In respect of its €1 billion Undated 6 Year Non-Call Deeply Subordinated Fixed to Reset Rate Notes with first reset date on
15 April 2025 and admitted to trading on Euronext Paris (ISIN FR0013413887) (the NC 2025 Existing Notes);
a) the aggregate principal amount validly tendered is €647,400,000;
b) the NC 2025 Existing Notes Series Acceptance Amount is €549,700,000;
c) the NC 2025 Existing Notes Tender Price is 98.60%;
d) the remaining outstanding principal amount of the NC 2025 Existing Notes following the settlement of the Tender Offer will be €450,300,000;
- In respect of its €1.25 billion Undated 12 Year Non-Call Deeply Subordinated Fixed to Reset Rate Notes with first reset date on 1st
October 2026 and admitted to trading on Euronext Paris (ISIN XS1115498260) (the NC 2026 Existing Notes),
a) the aggregate principal amount validly tendered is €444,619,000;
b) the NC 2026 Existing Notes Series Acceptance Amount is €150,000,000;
c) the NC 2026 Existing Notes Tender Price is 102.418%;
d) the remaining outstanding principal amount of the NC 2026 Existing Notes following the settlement of the Tender Offer will be €1,100,000,000.
The settlement of the Tender Offer is expected to occur the
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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
Attachment
- PR Orange Hybrids bond Tender Results 2024_05042024
© OMX, source