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).


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