Paris, January 10, 2012
France Telecom offers USD 900 million in 30-year notes
France Telecom placed in the United States USD 900 million in 30-year notes, in one tranche.
Most of this bond is swapped into EUR at a rate of 4.88 %.
| Currency | Format | Term | Notional | Coupon | Re-offer spread |
| USD | fixed rate | 30 years | 900 million | 5.375% | US Treasury Bond + 240 bps |
The Group has seized a window of opportunity in the dollar bond market to continue to extend the maturity of its debt while anticipating further its future redemptions and keeping diversifying its funding sources.
BNP Paribas, BofA Merrill Lynch, HSBC and Morgan Stanley are acting as bookrunners.
Press contacts: +33 (1) 44 44 93 93
Tom Wright, tom.wright@orange.com
Mylène Blin, mylene.blin@orange.com
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Alternatively, any underwriter participating in the offering will arrange to send you the prospectus if you request it by calling BNP Paribas Securities Corp. at 1-800-854-5674 (toll-free),, HSBC Securities (USA) Inc. at 1-866-811-8049 (toll free), Merrill Lynch, Pierce, Fenner & Smith Incorporated at 1- 800-294-1322 (toll free) and Morgan Stanley & Co. LLC at 1-866-718-1649 (toll-free) or France Telecom at +33 1 44 44 22 22.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) in the United Kingdom to qualified investors (as defined in the Prospectus Directive) who are (a) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). The Notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such Notes will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
Not for distribution in Japan.
