Obligation ORANE 3.375% ( FR0013414919 ) en EUR

ORANE

100 % ⇌

France

FR0013414919 ( en EUR )

3.375% par an ( paiement annuel )

23/04/2026

Prospectus brochure de l'obligation ORANO FR0013414919 en EUR 3.375%, échéance 23/04/2026

23/04/2026 ( Dans 75 jours )

Orano est un acteur majeur mondial du nucléaire, intervenant dans les mines d'uranium, le cycle du combustible nucléaire, et le démantèlement des installations nucléaires.

L'Obligation émise par ORANE ( France ) , en EUR, avec le code ISIN FR0013414919, paye un coupon de 3.375% par an.
Le paiement des coupons est annuel et la maturité de l'Obligation est le 23/04/2026

FINAL TERMS
MIFID II product governance / Professional investors and ECPs only target market Solely for the purposes of
each manufacturer's product approval process, the target market assessment in respect of the Notes, taking into account
the five categories referred to in item 18 of the Guidelines published by ESMA on 5 February 2018 has led to the
conclusion that: (i) the target market for the Notes is eligible counterparties and professional clients only, each as
defined in Directive 2014/65/EU (as amended, MiFID II); and (ii) all channels for distribution of the Notes to eligible
counterparties and professional clients are appropriate. Any person subsequently offering, selling or recommending the
Notes (a distributor) should take into consideration the manufacturers' target market assessment; however, a
distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the Notes
(by either adopting or refining the manufacturers' target market assessment) and determining appropriate distribution
channels.
PROHIBITION OF SALES TO EEA RETAIL INVESTORS - The Notes are not intended to be offered, sold or
otherwise made available to and, with effect from such date, should not be offered, sold or otherwise made available to
any retail investor in the European Economic Area (EEA). For these purposes, a retail investor means a person who is
one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; or (ii) a customer within the
meaning of Directive 2016/97/EU (as amended or superseded, the Insurance Distribution Directive), where that
customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently,
no key information document required by Regulation (EU) No 1286/2014 (as amended, the PRIIPs Regulation) for
offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and
therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be
unlawful under the PRIIPS Regulation.
Final Terms dated 17 April 2019

Orano
8,000,000,000
Euro Medium Term Note Programme
for the issue of Notes
due from one month from the date of original issue
Legal entity identifier (LEI): 969500161UMNDC85C891
SERIES NO: 1
TRANCHE NO: 1
750,000,000 3.375 per cent. Notes due 23 April 2026
issued by: Orano (the Issuer)

BNP PARIBAS
CM-CIC MARKET SOLUTIONS
GOLDMAN SACHS INTERNATIONAL
HSBC
J.P. MORGAN
NATIXIS
SANTANDER GLOBAL CORPORATE BANKING
SOCIÉTÉ GÉNÉRALE CORPORATE & INVESTMENT BANKING

1

PART A CONTRACTUAL TERMS
Terms used herein shall be deemed to be defined as such for the purposes of the Conditions set forth in the Base
Prospectus dated 5 April 2019 which received visa n°19-140 from the Autorité des marchés financiers (the AMF) on 5
April 2019 which constitutes a prospectus for the purposes of the Directive 2003/71/EC, as amended or superseded (the
Prospectus Directive). This document constitutes the Final Terms of the Notes described herein for the purposes of
Article 5.4 of the Prospectus Directive and must be read in conjunction with such Base Prospectus. Full information on
the Issuer and the offer of the Notes is only available on the basis of the combination of these Final Terms and the Base
Prospectus. The Base Prospectus is available for viewing at the office of the Fiscal Agent or each of the Paying Agents
and on the websites of the AMF (www.amf-france.org) and of the Issuer (http://www.orano.group/) and copies may be
obtained from ORANO, Tour AREVA, 1 Place Jean Millier 92400 Courbevoie, France.

1.
Issuer:
Orano
2.
(a)
Series Number:
1
(b)
Tranche Number:
1
3.
Specified Currency or Currencies:
Euro ()
4.
Aggregate Nominal Amount of Notes:

(a)
Series:
750,000,000
(b)
Tranche:
750,000,000
5.
Issue Price:
99.236 per cent. of the Aggregate Nominal Amount
6.
Specified Denomination:
100,000
7.
(a)
Issue Date:
23 April 2019
(b)
Interest Commencement Date:
Issue Date
8.
Maturity Date:
23 April 2026
9.
Interest Basis:
3.375 per cent. Fixed Rate
(further particulars specified below)
10.
Redemption/Payment Basis:
Subject to any purchase and cancellation or early
redemption, the Notes will be redeemed on the Maturity
Date at 100 per cent. of their nominal amount.
11.
Change of Interest Basis:
Not Applicable
12.
Put/Call Options:

Residual Maturity Call Option

Make-Whole Redemption by the Issuer
Clean-up Call Option by the Issuer
(further particulars specified below)
13.
(a)
Status of the Notes:
Unsubordinated Notes
(b)
Dates of the corporate authorisations for
Decision of the Conseil d'administration of the Issuer
issuance of Notes obtained:
dated 18 December 2018 and decision of the Directeur

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Général of the Issuer dated 9 April 2019
PROVISIONS RELATING TO INTEREST (IF ANY) PAYABLE
14.
Fixed Rate Note Provisions
Applicable
(a)
Rate of Interest:
3.375 per cent. per annum payable in arrear on each
Interest Payment Date
(b)
Interest Payment Dates:
23 April in each year commencing on 23 April 2020; not
adjusted
(c)
Fixed Coupon Amount:
3,375 per 100,000 in nominal amount
(d)
Broken Amount:
Not Applicable
(e)
Day Count Fraction:
Actual/Actual (ICMA)
(f)
Determination Dates:
23 April in each year

15.
Floating Rate Note Provisions
Not Applicable
16.
Zero Coupon Note Provisions
Not Applicable
17.
Inflation Linked Provisions
Not Applicable
PROVISIONS RELATING TO REDEMPTION
18.
Call Option (Condition 6.6)
Not Applicable
19.
Make-Whole Redemption by the Issuer Applicable
(Condition 6.3)
(a)
Benchmark Security:
Euro 0.50 per cent. German Federal Government Bond
due 15 February 2026, with ISIN DE0001102390
(b)
Early Redemption Margin:
0.50 per cent.
(c)
Notice period:
As per Conditions
20.
Residual Maturity Call Option (Condition 6.4)
Applicable
(a)
Initial Residual Maturity Call Option
Date:
23 January 2026
(b)
Notice period:
As per Conditions
21.
Clean-up Call Option (Condition 6.5)
Applicable
22.
Put Option (Condition 6.7)
Not Applicable
23.
Final Redemption Amount of each Note
100,000 per Note of 100,000 Specified Denomination

3

24.
Inflation Linked Notes Provisions relating to Not Applicable
the Final Redemption Amount:

25.
Early Redemption Amount

(a)
Early Redemption Amount of each Note
As per Conditions
payable on redemption for taxation
reasons (Condition 6.10), for illegality
(Condition 6.13) or on event of default
(Condition 9):
(b)
Redemption
for
taxation
reasons
Yes
permitted at any time (Condition 6.10):
26.
Inflation Linked Notes Provisions relating to Not Applicable
the Early Redemption Amount:

GENERAL PROVISIONS APPLICABLE TO THE NOTES
27.
Form of Notes:
Dematerialised Notes
(a)
Form of Notes:
Bearer dematerialised form (au porteur)
(b)
Registration Agent:
Not Applicable
28.
Financial Centre(s) or other special provisions
Not Applicable
relating to Payment Dates:
29.
Details relating to Instalment Notes: amount of
Not Applicable
each instalment, date on which each payment is
to be made:
30.
Redenomination,
renominalisation
and
Not Applicable
reconventioning provisions:
31.
Identification information of Noteholders as
Applicable
provided by Condition 1.1:
32.
Possibility of holding and reselling purchased
Applicable
Notes in accordance with Article L.213-0-1 and
D.213-0-1 of the French Code monétaire et
financier (Condition 6.11):
33.
Consolidation provisions:
Not Applicable
34.
Masse:
Name and address of the Representative:

MASSQUOTE S.A.S.U.
RCS 529 065 880 Nanterre
7bis rue de Neuilly
F-92110 Clichy

Mailing address:

4

PART B OTHER INFORMATION
1.
LISTING AND ADMISSION TO TRADING

(a)
Listing:
Euronext Paris
(b)
Admission to trading:
Application has been made by the Issuer (or on its
behalf) for the Notes to be admitted to trading on
Euronext Paris with effect from 23 April 2019.
(c)
Estimate of total expenses related to
5,700
admission to trading:
2.
RATINGS

Ratings:
The Notes to be issued are expected to be rated:

S&P: BB+ (with negative outlook)

S&P is established in the European Union and is
registered under Regulation (EC) No 1060/2009, as
amended. As such, S&P is included in the list of
credit rating agencies published by the European
Securities and Markets Authority on its website in
accordance with such regulation.
3.
INTERESTS OF NATURAL AND LEGAL PERSONS INVOLVED IN THE ISSUE
Save for any fees payable to the Joint Lead Managers and to some of them acting as dealer managers in the
tender offer launched by the Issuer on 9 April 2019 and expected to expire on 16 April 2019, so far as the
Issuer is aware, no person involved in the offer of the Notes has an interest material to this offer. The Joint
Lead Managers and their affiliates have engaged, and may in the future engage, in investment banking and/or
commercial banking transactions with, and may perform other services for, the Issuer and its affiliates in the
ordinary course of business. In particular, certain of the Joint Lead Managers or their affiliates may hold
positions in the notes (either for their own account or for the account, directly or indirectly, of third parties)
being the subject of the tender offer referred to above and they may decide to submit offers to tender such
notes..
4.
YIELD

Indication of yield:
3.50 per cent. per annum.

The yield is calculated at the Issue Date on the basis
of the Issue Price. It is not an indication of future
yield.
5.
OPERATIONAL INFORMATION

ISIN:
FR0013414919

6

Common Code:
198281930
Depositaries:

(a)
Euroclear
France
to
act
as
Central
Yes
Depositary:
(b)
Common Depositary for Euroclear and
No
Clearstream:
Any clearing system other than Euroclear and
Not Applicable
Clearstream and the relevant identification number:
Delivery:
Delivery against payment
Names and addresses of additional Paying Agent (if
Not Applicable
any):
The aggregate principal amount of Notes issued has
Not Applicable
been translated into Euro at the rate of [] producing
a sum of:
6.
Distribution

(a)
Method of distribution:
Syndicated
(b)
If syndicated, names of Managers:
Banco Santander, S.A.
BNP Paribas
Crédit Industriel et Commercial S.A.
Goldman Sachs International
HSBC Bank plc
J.P. Morgan Securities plc
Natixis
Société Générale
(the Joint Lead Managers)
(c)
Stabilising Manager (if any):
Société Générale
(d)
If non-syndicated, name and address of
Not Applicable
Dealer:
(e)
U.S. Selling Restrictions:
Category 2 restrictions apply to the Notes, TEFRA
Not Applicable
(f)
Prohibition of Sales to EEA Retail Investors:
Applicable

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