Press release : Orange successfully completes its inaugural sustainability-linked bond issuance for EUR 500M
05 9월 2023 - 2:31AM
Press release : Orange successfully completes its inaugural
sustainability-linked bond issuance for EUR 500M
Press release
Paris, 04 September 2023
Orange successfully completes its
inaugural sustainability-linked bond issuance for EUR
500M
Orange has successfully issued its first
sustainability-linked bond, for a nominal amount of EUR 500
million, linked to the company’s target to reduce by -45% its
absolute greenhouse gas emissions (Scope 1, 2 & 3) by 2030 (vs.
2020) and its commitment to provide digital support and training to
external beneficiaries (6 million beneficiaries cumulatively
between 2021 and 2030).
This GHG reduction target is aligned with the
objective to keep global warming at 1.5°C and has been submitted to
SBTi for validation.
Currency |
Format |
Term |
Notional |
Coupon |
Re-offer spread |
EUR |
Fixed rate |
2035 |
500 million |
3.875% |
m/s + 72bps |
This issuance follows Orange's recently published
Sustainability-Linked Financing Framework. This Framework is
aligned with the Sustainability-Linked Bond Principles published by
the ICMA, and has received a Second Party Opinion from Moody’s
Investors Services with a qualification of “Significant
contribution to Sustainability”. Moody’s notably underlined that
the magnitude of the chosen Sustainability Performance Targets is
“significant, based on a combination of benchmarking approaches”
and that “their expected impact […] on sustainability objectives is
considered significant", reflecting the Group’s overall
ambition.
The issuance illustrates Orange’s ongoing
integration of sustainability initiatives into its financing
strategy. With an oversubscription of 5 times, it also enables
Orange to extend the maturity of its debt and diversify its sources
of financing on optimal terms.
Laurent Martinez, Group Chief Financial Officer,
said: “This landmark sustainability linked inaugural transaction
was very well received, demonstrating the markets’ confidence in
the Group’s financial strength, strategy and ability to deliver on
its ESG ambitions.”
Elizabeth Tchoungui, Executive Director in charge
of Group Corporate Social Responsibility added: “Orange’s strategic
plan “Lead the Future” and its ESG by design orientation puts CSR
at the heart of the Group’s strategy. This translates into clear
and ambitious objectives both in terms of controlling our
environmental impact and for further promoting digital
inclusion.”
The Sustainability-Linked Financing Framework and
the Second-Party Opinion are available on Orange’s website (Debt
and rating | Corporate (orange.com)).
Crédit Agricole CIB acted as Sole Sustainability
Structuring Advisor.
Crédit Agricole CIB, ING and SMBC acted as
Global Coordinators.
Barclays, Deutsche Bank, Goldman Sachs, La
Banque Postale and Standard Chartered acted as Bookrunners.
About Orange
Orange is one of the world’s leading
telecommunications operators with revenues of 43.5 billion euros in
2022 and 136,000 employees worldwide at 30 June 2023, including
74,000 employees in France. The Group has a total customer base of
291 million customers worldwide at 30 June 2023, including 246
million mobile customers and 24 million fixed broadband customers.
The Group is present in 26 countries. Orange is also a leading
provider of global IT and telecommunication services to
multinational companies under the brand Orange Business. In
February 2023, the Group presented its strategic plan "Lead the
Future", built on a new business model and guided by responsibility
and efficiency. "Lead the Future" capitalizes on network excellence
to reinforce Orange's leadership in service quality.
Orange is listed on Euronext Paris (symbol ORA)
and on the New York Stock Exchange (symbol ORAN).
For more information on the internet and on your
mobile: www.orange.com, www.orange-business.com and the Orange News
app or to follow us on Twitter: @orangegrouppr.
Orange and any other Orange product or service
names included in this material are trademarks of Orange or Orange
Brand Services Limited.
Press contacts:
Tom Wright ; tom.wright@orange.com ; +33 6
78 91 35 11
Caroline Cellier ;
caroline.cellier@orange.com : +33 6 07 25 00 06
- 2023 09 04 - PR_Orange_SustainabilityLinkedBond_EN v2
Orange (BIT:1ORA)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Orange (BIT:1ORA)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024