EDF completes its series of bond issuances launched earlier this week with a 100-year bond in sterling

Successful pricing of £1.35 billion, first ever century-bond in sterling

Senior dollars and sterling offerings extend average debt maturity by 3.4 years with no impact on average coupon

EDF (A+ S&P / Aa3 Moody's / A+ Fitch) has today successfully priced a 100-year £1.35 billion bond issuance in sterling, closing the series of issuances launched earlier this week, which included the multi-currency hybrid bond and senior dollars bond offerings. This bond issuance, with a 100-year maturity, is the first ever century-bond in sterling. The coupon stands at 6%, which is in line with the 100-year senior bond in dollars priced last Tuesday.

With this transaction, the Group is going one step further in its active funding policy to align its balance sheet with its long lifetime industrial assets by lengthening the average maturity of its debt.
Taking into account all the transactions announced this week, the average maturity of the Group's debt has been extended by 3.4 years compared to 30 June 2013 with no impact on the average coupon.