(Tiper Stock Exchange) – Orangethe largest French company active in the telecommunications field, has successfully completed its first issue of sustainability-linked bonds for an amount equal to 500 million of Euro.
The bond is related toobjective company to reduce its absolute greenhouse gas emissions (Scope 1, 2 and 3) by 45% by 2030 (compared to 2020) and its commitment to provide digital support and training to external beneficiaries (6 million beneficiaries cumulatively between 2021 and 2030).
With a oversubscribed by 5 times, the issue allows Orange to extend the maturity of its debt and to diversify its sources of financing under optimal conditions, reads a note. The coupon is 3.875%, with a maturity date of 2035.
“This inaugural sustainability-linked transaction it was very well receiveddemonstrating the markets’ confidence in the group’s financial strength, strategy and ability to deliver on its ESG ambitions,” commented the CFO Laurent Martinez.