EDF (BBB positive S&P / Baa1 stable Moody's / BBB+ negative Fitch) announces that it has signed an agreement with Apollo to issue up to £4.5 billion aggregated nominal amount of bonds by way of unlisted private placement under its EMTN programme.
The bond would be issued in three tranches, each with a maximum maturity of twelve years. The first tranche, for a total nominal amount of £1.5 billion, will be issued on 26 June 2025. EDF has an option to issue the other two tranches in 2026 and 2027.
This transaction enables EDF to secure a substantial part of the sterling financing of its investments in the UK over the next three years, in particular the Hinkley Point C project.
The expected rating of the bond issued on 26 June 2025 is BBB / Baa1 / BBB+ (S&P / Moody's / Fitch).
EDF is an active issuer of debt and other types of securities. EDF regularly assesses its financing needs and monitors national and international financial markets to identify opportunities for additional issues of senior or hybrid debt and/or other types of securities.