Orange Raises $6 Billion in First Dollar Bond Sale Since 2016

Orange SAraised $6 billion with its first high-grade dollar bond sale since 2016, joining a wave of foreign firms tapping the US debt market for funding.

The French telecommunications company sold the deal in five parts, spanning three to 30 years, according to a person with direct knowledge of the matter. The longest portion of the deal — a $500 million note maturing in 2056 — tightened to 1 percentage point above Treasuries, from 1.4 percentage points initially, the person added.

The offering comes amid a striking comeback from borrowers after the holiday break, with more than $70 billion ...