On 28 November 2023, EDF (BBB stable S&P / Baa1 stable Moody’s / BBB+ stable Fitch) has successfully launched a senior green bond issue dedicated to the financing of the existing nuclear fleet, for a nominal amount of €1 billion, with a 3.5-year maturity and a 3.75% fixed coupon. The net proceeds will be used to refinance EU-Taxonomy aligned nuclear energy capital expenditures in existing French nuclear reactors in relation to their lifetime extension, as defined in EDF’s Green Financing Framework ([1]).

After the previous bond issuances in 2023, this transaction enables EDF to further strengthen the structure of its balance sheet.

Settlement and delivery will take place on 5 December 2023, 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).

([1]) The Framework is available in the Sustainable Finance section of EDF's website