(Boursier.com) — Orange announced the results of its repurchase offer on existing hybrid bonds, an offer initiated on March 27, 2024 with a view to the partial repurchase of two strains of super-subordinated bonds with an indefinite duration and bearing interest at a fixed, readjustable rate in circulation. Concerning the super-subordinated bonds with an indefinite duration in the amount of one billion euros having a first interest rate resetting date of April 15, 2025, bearing interest at a fixed, readjustable rate and admitted to trading on Euronext Paris (ISIN FR0013413887 – existing NC 2025 bonds), the total principal amount validly contributed to the repurchase offer amounts to 647,400,000 euros, the acceptance amount to 549,700,000 euros, the repurchase price to 98.60%, and the nominal amount in circulation as of settlement of the offer will be 450,300,000 euros.
Concerning the super-subordinated bonds with an indefinite duration in the amount of 1.25 billion euros having a first interest rate resetting date of October 1, 2026, bearing interest at a fixed, readjustable rate and admitted to trading on Euronext Paris (ISIN %, and the nominal amount in circulation as of settlement of the offer will be 1,100,000,000 euros.
The settlement of the buyback offer is scheduled for April 10, 2024, the operator also indicates.
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