Edf: EDF announces the success of its senior green multi tranche bond issue for a nominal amount of 3 billion euros
11 Junio 2024 - 11:21AM
Edf: EDF announces the success of its senior green multi tranche
bond issue for a nominal amount of 3 billion euros
EDF announces the success of its senior
green multi tranche bond issue for a nominal amount of 3 billion
euros
On 11 June 2024: EDF (BBB
positive S&P / Baa1 stable Moody’s / BBB+ stable Fitch)
successfully priced a senior green bond issuance in 3 tranches for
a nominal amount of €3 billion (the “Bonds”):
- €1 billion Bond,
with a 7-year maturity and a 4.125% fixed coupon;
- €750 million Bond, with a 12-year
maturity and a 4.375% fixed coupon;
- €1.250 billion Bond, with a 20-year
maturity and a 4.750% fixed coupon.
An amount equal to the net proceeds of the Bonds
will be used to finance and/or refinance investments as defined in
EDF’s Green Financing Framework (1) and aligned with the European
taxonomy, as follows:
- The 7-year maturity
tranche in relation to the lifetime extension of the existing
French nuclear reactors,
- The 12-year
maturity tranche to renewable energy and hydro power projects,
- The 20-year
maturity tranche to electricity distribution investments notably to
adapt the grid to the needs of the energy transition.
This transaction enables EDF to finance its
strategy and objective to contribute to achieving carbon neutrality
by 2050.
Settlement and delivery will take place on 17
June 2024, the date on which the Bonds will be admitted to trading
on the regulated market of Euronext Paris.
The expected rating for the Bonds is BBB / Baa1
/ BBB+ (S&P / Moody's / Fitch).
About EDF The EDF Group is a
key player in the energy transition, as an integrated energy
operator engaged in all aspects of the energy business: power
generation, distribution, trading, energy sales and energy
services. The Group is a world leader in low-carbon energy, with a
low carbon output of 434TWh, a diverse generation mix based mainly
on nuclear and renewable energy (including hydropower). It is also
investing in new technologies to support the energy transition.
EDF’s raison d’être is to build a net zero energy future with
electricity and innovative solutions and services, to help save the
planet and drive well-being and economic development. The Group
supplies energy and services to approximately 40.9 million
customers (1) and generated consolidated sales of €139.7 billion in
2023.
(1) Customers are counted per delivery site. A
customer may have two delivery points.
(1) The Framework is available in the Sustainable Finance
section of EDF's website
- PR_Green bond issue EUR V11.06
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