Communiqué: Orange a l’intention d’émettre une nouvelle souche d'obligations hybrides et de lancer une offre de rachat sur certaines de ses obligations hybrides existantes

Orange S.A. announced its intention to issue a new tranche of perpetual hybrid bonds (super-subordinated, non-callable for 7 years) in euros and launch a cash tender offer to repurchase existing hybrid obligations maturing in 2026 and 2027. The move aims to proactively manage Orange's hybrid instruments portfolio. The buyback offer closes on June 22, 2026, with results announced on June 23, 2026.