Sun shines on Orange for a morning – long enough for €2.8bn hybrid blowout

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

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Sun shines on Orange for a morning – long enough for €2.8bn hybrid blowout

Orange, the former France Télécom, may not have felt luck was on its side last Thursday, when on the eve of the roadshow for its first hybrid capital issue, markets lurched downwards as investors fretted about weak emerging market economies.

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