On 21 August 2023, EDF (BBB stable S&P / Baa1 stable Moody’s / BBB+ stable Fitch) successfully raised 325 million Swiss francs in 2 tranches of senior Green Bonds:
- CHF200 million bond, with a 4-year maturity and a 2.30% fixed coupon;
- CHF125 million bond, with a 8-year maturity and a 2.55% fixed coupon.
An amount equal to the net proceeds of the Green Bonds will be used to finance and/or refinance, in whole or in part, electricity distribution investments notably to adapt the grid to the needs of the energy transition as defined in EDF's Green Financing Framework published in July 2022 ([1]).
This transaction enables EDF to further strengthen the structure of its balance sheet and refinance upcoming maturities, while diversifying its investor base.
([1]) The Green Financing Framework and the independent review by Cicero are available in the Sustainable Finance section of EDF's website