Orange shines with $1.6bn senior in uneasy US market

Orange logo, gadget
By Jon Hay
31 Jan 2014

Orange struck a note of defiance on Thursday, as one of only two investment grade companies to issue a dollar bond. Other borrowers were held back by earnings blackouts or put off by volatile markets.

The French telecommunications group, which had raised €2.8bn of hybrid capital on Wednesday in European markets (see previous page), was not deterred, but pressed ahead on Thursday with a $1.6bn five and 30 year senior unsecured deal.

Nevertheless, this has been the thinnest full week of corporate issuance ...

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