Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
12 September 2023
Deals | France | FIN
Gide has advised a bank syndicate led by ING, and composed of Crédit Agricole CIB, SMBC, Barclays, Deutsche Bank, Goldman Sachs Bank Europe SE, La Banque Postale and Standard Chartered Bank AG, on the inaugural issue of Sustainability-Linked Notes by Orange for an aggregate principal amount of €500 million. The notes are admitted to trading on Euronext Paris.
The Sustainability Performance Targets (SPTs) used by Orange for these notes are (i) the objective to reduce its absolute scopes 1, 2 and 3 greenhouse gas (GHG) emissions by 45% by 2030 in the digital segment and (ii) the objective to reach 6 million external beneficiaries of digital support and trainings over the 2021-2030 period. If these targets are not achieved on the relevant Target Observation Date (TOD), the coupon of the notes will be increased by an interest step-up.
The Gide team was composed of Laurent Vincent, partner, assisted by Emilie Radisson and Noëmie Mokalamba Kabamba, associates.
