Obligation Orango S.A. 4.75% ( XS0286705321 ) en EUR

Orango S.A.

100 % ⇌

France

XS0286705321 ( en EUR )

4.75% par an ( paiement annuel )

20/02/2017 - Obligation échue

Prospectus brochure de l'obligation Orange S.A XS0286705321 en EUR 4.75%, échue

50 000 EUR

1 900 000 000 EUR

Orange S.A. est une multinationale française des télécommunications fournissant des services de téléphonie mobile, internet et télévision dans plusieurs pays.

L'obligation Orange S.A. (XS0286705321), émise en France pour un montant total de 1 900 000 000 EUR, à un taux d'intérêt de 4,75%, avec une taille minimale d'achat de 50 000 EUR et une maturité le 20/02/2017, a été intégralement remboursée à son prix nominal de 100% en euros.

ANNEX

"TERMS AND CONDITIONS OF THE NOTES"
as extracted from the Base Prospectus dated on 5 December 2006

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TERMS AND CONDITIONS OF THE NOTES
The following are the Terms and Conditions of the Notes which will be incorporated by reference into each
global Note and each definitive Note, in the latter case only if permitted by the relevant stock exchange or
other relevant authority (if any), and agreed by the Issuer and the relevant Dealer(s) at the time of issue but, if
not so permitted and agreed, such definitive Note will have endorsed thereon or attached thereto such Terms
and Conditions. The applicable Final Terms in relation to any Tranche of Notes may specify other terms and
conditions which shall, to the extent so specified or to the extent inconsistent with the following Terms and
Conditions, replace or modify the following Terms and Conditions for the purpose of such Notes. The
applicable Final Terms (or the relevant provisions thereof) will be endorsed upon, or attached to, each
temporary global Note, permanent global Note and definitive Note. Reference should be made to "Form of the
Notes", for a description of the content of the Final Terms which will include the definitions of certain terms
used in the following Terms and Conditions or specify which of such terms are to apply in relation to the
relevant Notes.
This Note is one of a Series (as defined below) of Notes issued by France Telecom (the Issuer) pursuant to the
Agency Agreement (as defined below).
References herein to the "Notes" shall be references to the Notes of this Series and shall mean:
(i)
in relation to any Notes represented by a global Note, units of the lowest Specified Denomination in
the Specified Currency;
(ii)
definitive Notes issued in exchange for a global Note; and
(iii)
any global Note.
The Notes, the Receipts (as defined below) and the Coupons (as defined below) have the benefit of an
amended and restated agency agreement (the Agency Agreement) dated 5 December 2006 and made among,
the Issuer, Citibank, N.A. as issuing and principal paying agent and agent bank (the Agent, which expression
shall include any successor agent specified in the applicable Final Terms) and the other paying agents named
therein (together with the Agent, the Paying Agents, which expression shall include any additional or
successor paying agents).
Interest bearing definitive Notes (unless otherwise indicated in the applicable Final Terms) have interest
coupons (Coupons) and, if indicated in the applicable Final Terms, talons for further Coupons (Talons)
attached on issue. Any reference herein to Coupons or coupons shall, unless the context otherwise requires, be
deemed to include a reference to Talons or talons. Definitive Notes repayable in instalments have receipts
(Receipts) for the payment of the instalments of principal (other than the final instalment) attached on issue.
The final terms for this Note (or the relevant provisions thereof) are set out in Part A of the Final Terms
attached to or endorsed on this Note which supplement these Terms and Conditions (the Terms and
Conditions) and may specify other terms and conditions which shall, to the extent so specified or to the extent
inconsistent with these Terms and Conditions, replace or modify these Terms and Conditions for the purposes
of this Note. References to the "applicable Final Terms" are to Part A of the Final Terms (or the relevant
provisions thereof) attached to or endorsed on this Note.
Any reference to Noteholders or holders in relation to any Notes shall mean the holders of the Notes, and
shall, in relation to any Notes represented by a global Note, be construed as provided below. Any reference
herein to Receiptholders shall mean the holders of the Receipts and any reference herein to Couponholders
shall mean the holders of any Coupons, and shall, unless the context otherwise requires, include any holders of
the Talons.
As used herein, Tranche means Notes which are identical in all respects and Series means a Tranche of Notes
together with any further Tranche or Tranches of Notes which are (i) expressed to be consolidated and form a
single series and (ii) identical in all respects except for their respective Issue Dates, Interest Commencement
Dates and/or Issue Prices.
The Noteholders, the Receiptholders and the Couponholders are entitled to the benefit of the Deed of
Covenant (the Deed of Covenant) dated 5 December 2006 and made by the Issuer. The original of the Deed

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of Covenant is held by a common depositary on behalf of Euroclear (as defined below) and Clearstream,
Luxembourg (as defined below).
Copies of the Agency Agreement and the Deed of Covenant are available for inspection during normal
business hours at the specified office of each of the Agent and the other Paying Agents. Copies of the
applicable Final Terms may be obtained from the head office of the Issuer and the specified offices of the
Paying Agents save that, if this Note is neither admitted to trading on a regulated market in the European
Economic Area nor offered in the European Economic Area in circumstances where a prospectus is required
to be published under the Prospectus Directive, the applicable Final Terms will only be available by a
Noteholder holding one or more Notes of that Series and such Noteholder must produce evidence satisfactory
to the relevant Paying Agent as to its holding of Notes and as to identity. In the case of Notes to be listed on
the Luxembourg Stock Exchange, the applicable Final Terms will be published on the Luxembourg Stock
Exchange's website at www.bourse.lu. The Noteholders, the Receiptholders and the Couponholders are
deemed to have notice of, and are entitled to the benefit of, all the provisions of the Agency Agreement, the
Deed of Covenant and the applicable Final Terms which are applicable to them.
Words and expressions defined in the Agency Agreement or used in the applicable Final Terms shall have the
same meanings where used in these Terms and Conditions unless the context otherwise requires or unless
otherwise stated and provided that, in the event of inconsistency between the Agency Agreement and the
applicable Final Terms, the applicable Final Terms will prevail.
1.
Form, Denomination and Title
The Notes are in bearer form and, in the case of definitive Notes, serially numbered, in the Specified Currency
and the Specified Denomination(s). Notes of one Specified Denomination may not be exchanged for Notes of
another Specified Denomination.
This Note may be a Fixed Rate Note, a Floating Rate Note, a Zero Coupon Note, an Index Linked Interest
Note, a Dual Currency Interest Note or a combination of any of the foregoing, depending upon the Interest
Basis shown in the applicable Final Terms.
This Note may be an Index Linked Redemption Note, an Instalment Note, a Dual Currency Redemption Note,
a Partly Paid Note or a combination of any of the foregoing, depending upon the Redemption/Payment Basis
shown in the applicable Final Terms.
Definitive Notes are issued with Coupons attached, unless they are Zero Coupon Notes in which case
references to Coupons and Couponholders in these Terms and Conditions are not applicable.
Subject as set out below, title to the Notes, Receipts and Coupons will pass by delivery. The Issuer, the
Replacement Agent (as defined in the Agency Agreement) and any Paying Agent may deem and treat the
bearer of any Note, Receipt or Coupon as the absolute owner thereof (whether or not overdue and
notwithstanding any notice of ownership or writing thereon or notice of any previous loss or theft thereof) for
all purposes but, in the case of any global Note, without prejudice to the provisions set out in the next
succeeding paragraph.
For so long as any of the Notes is represented by a global Note held on behalf of Euroclear Bank S.A./N.V.
(Euroclear) and/or Clearstream Banking, société anonyme (Clearstream, Luxembourg), each person (other
than Euroclear or Clearstream, Luxembourg) who is for the time being shown in the records of Euroclear or of
Clearstream, Luxembourg as the holder of a particular nominal amount of such Notes (in which regard any
certificate or other document issued by Euroclear or Clearstream, Luxembourg as to the nominal amount of
such Notes standing to the account of any person shall be conclusive and binding for all purposes save in the
case of manifest or proven error) shall be treated by the Issuer, the Agent and any other Paying Agent as the
holder of such nominal amount of such Notes for all purposes other than with respect to the payment of
principal or interest on the Notes, for which purpose the bearer of the relevant global Note shall be treated by
the Issuer, the Agent and any other Paying Agent as the holder of such Notes in accordance with and subject
to the terms of the relevant global Note and the expressions "Noteholder" and "holder of Notes" and related
expressions shall be construed accordingly.
Notes which are represented by a global Note will be transferable only in accordance with the rules and
procedures for the time being of Euroclear or of Clearstream, Luxembourg, as the case may be.

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