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This page will allow you to access all the information related to the structure of Orano’s debt and borrowing programs.

Documents are published in French and in English. In case of discrepancy between the two versions, the French version shall prevail.


Debt structure

Orano’s consolidated net debt stood at 2,146 billion euros at December 31, 2020, compared with 2,191 billion euros at the end of 2019. 

Debt maturity December 31, 2020


Borrowings by matury December 31, 2020


Borrowing programs

In the context of the restructuring, the bond debt of AREVA SA was transferred to Orano by partial contribution of assets on November 10, 2016.


Medium and long-term borrowings: the emtn program

Summary of bond issues

  • Press release of March 23, 2020 : “Information relating to partial buyback on 2020 and 2021 bonds issuances”

Bond issues of September 1st, 2020

  • Base Prospectus from July 7th, 2020
  • Press Release of September 1, 2020
  • Limited Auditors' report on the company financial statements for the half-year ended June 2020 (French only)
  • 1st Supplement to the Base Prospectus, dated as of August 7th, 2020
  • Final Terms of the Notes issued by Orano - euros 500m - due 2028

Bond issues of April 9, 2019

  • Press Release of April 9, 2019
  • Basic prospectus from April 5th, 2019
  • Final Terms of the Notes issued by Orano - euros 750m - due 2026
  • Press release of April 24, 2019 (Information relating to partial buyback on 2024 bond issuance)
  • Rapport Annuel d’Activité 2018 (french only)

Bond issues of March 12, 2014

  • Second supplement to the base prospectus dated March 10, 2014
  • Final Terms of the Notes issued by AREVA - euros 750m - due 2023
  • Press release of March 12, 2014

Bond issues of September 8, 2010

  • Press release of September, 8 2010
  • Final Terms of the Notes issued by AREVA - euros 750m, due 2021
  • Base prospectus from August 6, 2010

Bond issues of September 11, 2009

  • Final terms of the Notes issued by AREVA - Series 2 - Tranche 1 - Euro 1bn - due 2024
  • Press release of September 11, 2009
  • Base prospectus from September 7, 2009

Medium and long-term borrowings: private placement

Table borrowings Private placement 2018
  • Final Terms of the private placement - euros 200m - due 2022


BB+ Rate Orano

Orano is rated by Standard and Poor’s.
- Long-term rating: BB+
- Perspective: Stable
- Date of rating: June 15, 2021

Read the last publication of S&P

S&P long-term rating system

Standard & Poor's long-term rating system has 8 categories (AAA, AA, A, BBB, BB, B, CCC and D). The rating is given a + or - to indicate that the company is in the upper or lower end of the category.

The long-term rating relates to borrowings maturing in more than one year.

All of the ratings are supplemented with an "outlook" : this is the rating agency’s opinion on the probable trend in the company’s credit quality. The outlooks are positive (up), stable or negative (down).


S&P short-term rating system

Standard & Poor's short-term rating system has 7 categories: A-1+, A-1, A-2, A-3, B, C and D. The short-term rating relates to borrowings maturing in less than one year.


Contact Investor
Quesnoy Marc

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