Orange Raises $6 Billion in Oversubscribed Five-Tranche Bond at 4.72% Average Coupon
Orange priced a $6bn five-tranche USD bond with a weighted average coupon of 4.72% and an average maturity of nine years, oversubscribed more than eight times. Settlement is expected January 13, with proceeds funding general corporate purposes and potential repayment of MasOrange debt linked to its 50% stake acquisition.
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