EDF announces the success of its first senior green bond issue dedicated to the financing of the existing nuclear fleet, for a nominal amount of 1 billion euros
*EDF announces the success of its first senior green bond issue dedicated to the financing of the existing nuclear fleet, for a nominal amount of 1 billion euros *
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).
*This press release is certified. Check its authenticity on medias.edf.com*
*About EDF *
As a major player in energy transition, the EDF Group is an integrated energy company active in all businesses: generation, transmission, distribution, energy trading, energy sales and energy services. EDF group is a world leader in low-carbon energy, having developed a diverse production mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support energy transition. EDF’s raison d’être is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group is involved in supplying energy and services to approximately 40.3 million customers ^(1), of whom 30.3 million in France ^(2). It generated consolidated sales of €143.5 billion in 2022.
(1) Customers are counted per delivery site. A customer can have two delivery points: one for electricity and another one for gas.
(2) Including ÉS (Électricité de Strasbourg) and SEI.
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(1) The Framework is available in the Sustainable Finance section of EDF's website
*Attachment*
· PR_EUR bond issue 28.11.2023