Orange: hybrid bond issue
(CercleFinance.com) - Orange announces that it has issued 700 million euros in deeply subordinated undated bonds with a first call date at its discretion from the eighth year, at a coupon rate of 1.
75% until the first call date.
These new bonds will be admitted to trading on Euronext Paris. Rating agencies are expected to issue a rating of Baa3/BBB- (Moody's/ S&P) for these new bonds and consider them to have an equity content of 50%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
75% until the first call date.
These new bonds will be admitted to trading on Euronext Paris. Rating agencies are expected to issue a rating of Baa3/BBB- (Moody's/ S&P) for these new bonds and consider them to have an equity content of 50%.
Copyright (c) 2020 CercleFinance.com. All rights reserved.