Iliad SA announces a bond buyback offer and the issuance of new green bonds

Iliad SA has launched a cash tender offer for its existing bonds. These bonds, with a respective nominal value of €650 million, mature in April 2025 and June 2026. The interest rates on these bonds are 1.875% and 2.375% respectively. The offer concerns a maximum of €300 million, however Iliad reserves the right to modify this amount.

In parallel, the company wishes to issue new senior unsecured green bonds, denominated in euros. These actions aim at proactive management of its debt and an average extension of its financial maturities. The entire transaction remains subject to market conditions.

This repurchase and this new issue are conditioned by various international regulations, in particular to limit distribution in the United States and preserve acceptance by qualified investors in Europe and the United Kingdom.