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EDF announces success of its “Formosa” green senior bond issue

January 2025

Client(s) EDF (Electricité de France)

Jones Day represented EDF (Electricité de France) in connection with its “Formosa” green senior bond issue for a nominal amount of $500 million.

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, in relation to the lifetime extension of the existing French nuclear reactors. This transaction enables EDF to finance its strategy and objective to contribute to achieving carbon neutrality by 2050. As a reminder, the carbon intensity of nuclear power plants in France is 4gCO²/kWh.

The Bonds are admitted to trading on the Taipei Stock Exchange, and the multilateral trading facility of the Euro MTF, operated by the Luxembourg Stock Exchange. The rating for the Bonds is BBB / Baa1 / BBB+ (S&P / Moody's / Fitch).

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