EDF issues senior green multi tranche bonds for nominal amount of €3 billion

Client(s) EDF (Electricité de France)

Jones Day assisted EDF (Electricité de France), as issuer, in relation with the senior green bond issuance in three 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; and €1.25 billion Bond, with a 20-year maturity and a 4.750% fixed coupon. The Bonds are admitted to trading on the regulated market of Euronext Paris. 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 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; and the 20-year maturity tranche to electricity distribution investments notably to adapt the grid to the needs of the energy transition.