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Orange plans new hybrid bonds issue and buyback offer for existing bonds to manage debt portfolio.

Company Fundamentals
15 Jun 2026
Na
View Source
Neutral
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Orange announced its intention to issue new perpetual hybrid bonds with a fixed adjustable interest rate and to launch a buyback offer for certain existing hybrid bonds. The new bonds are expected to be rated BBB-/Baa3/BBB- and traded on Euronext Paris. The buyback targets bonds maturing in 2026 and 2027, aiming to proactively manage the company's hybrid debt portfolio. The offer ends on June 22, 2026, with results announced the next day. This move helps Orange optimize its capital structure and maintain financial flexibility.

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