Résultats

These issuances are an integral part of the financial policy EDF began two years ago aiming to extend the average maturity of the Group' s gross debt and to reduce the average coupon... The average coupon dropped to 3 7 % in 2012 from 4 3 % in 2011... The gross average coupon of these hybrid issues came out to 5 25 % and 3 7 % after taxes, well below the Group' s cost of capital.

At 30 June 2015, the average maturity of the debt was 13 1 years and the average coupon was 3 09 %, compared with 13 2 years and 3 29 % at 31 December 2014. The net financial debt / EBITDA ratio was 2. 1x at 30 June 2015.

term gross financial indebtedness following issuance of a perpetual bond and a reduction in the average coupon... The average coupon on Group debt (weighted interest rate on outstanding amounts) was 3 9 % at 30 June 2013 against 3 7 % at 31 December 2012.

The average coupon on Group debt was 3 09 % at 30 June 2015, with an average maturity of 13 years. At 30 June 2015, the split of gross financial debt was 58 % at a fixed rate and 42 % at a floating rate.

term gross financial indebtedness following issuance of a perpetual bond and a reduction in the average coupon... The average coupon on Group debt (weighted interest rate on outstanding amounts) was 3 9 % at 30 June 2013 against 3 7 % at 31 December 2012.

With these operations, the average maturity of Group debt increased to 12 2 years and the average coupon stood at 3 8 % compared with 8 5 years and 3 7 % respectively at end- 2012. 11 12 Investments excluding Linky and strategic operations Pro forma after the effects of the agreement on the CSPE receivable reached in early 2013 13 Hybrid issues booked as equity due to their characteristics and in compliance with IFRS 5 PRESS RELEASE 13 February 2014 2014 outlook 2013 was a decisive year for EDF and was highlighted by the success of a number of operations defining for the Group' s future.