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Corporate Bonds

Orange skips bridge, senior and bags €3bn hybrid for Jazztel buy

Orange logo, gadget for new website

Orange, the French telecoms company, showed the potential of the hybrid capital market for financing mergers and acquisitions on Wednesday, when it raised €3bn towards its €3.4bn acquisition of Jazztel, the Spanish cable and mobile company, just eight days after announcing the bid. Orange did not use a bridge loan for the deal.

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