25 April 2023
Deals | France | Banking & Finance
Gide assisted a bank syndicate composed of Banco Bilbao Vizcaya Argentaria, S.A., Banco Santander S.A, BNP Paribas, Citigroup Global Markets Europe AG, HSBC Continental Europe, Mizuho Securities Europe GmbH, MUFG Securities (Europe) N.V. and Natixis on the issuance by Orange of €1 billion undated 7-year non-call deeply subordinated fixed to reset rate notes with a fixed coupon of 5.375% until the first call date and admitted to trading on the regulated market of Euronext Paris. The issue was carried out pursuant to the Euro Medium Term Note (EMTN) programme of Orange.
Simultaneously, Gide advised a bank syndicate composed of BNP Paribas and HSBC Continental Europe on the tender offer by Orange on a series of notes for an amount of EUR800 million.
Gide’s team was led by partner Laurent Vincent, assisted by counsel Aude-Laurene Dourdain, associates Louis Ravaud and Emilie Radisson.