EDF announces successful tap offerings on outstanding bond issues for total of €480 million and £100 million
Client(s) EDF (Electricité de France)
Jones Day represented EDF (Electricité de France) in connection with its tap offerings for a total of €480 million and £100 million on four outstanding bond issues (the “Bonds”):
•Tap offering of €250 million on the green bonds issued on 5 December 2023 to finance the extension of the life of nuclear reactors in France, with an initial maturity of 3.5 years and a fixed coupon of 3.750% (ISIN: FR001400M9L7),
• Tap offering of €100 million on the bonds issued on 12 October 2022 with an initial maturity of seven years and a fixed coupon of 4.375% (ISIN: FR001400D6N0),
• Tap offering of €130 million on the green bonds issued on 17 June 2024 to finance renewable energy and hydroelectric projects, with an initial maturity of 12 years and a fixed coupon of 4.375% (ISIN: FR001400QR70),
• Tap offering of £100 million on the bonds issued on 8 November 2024 to finance investment in the construction of the Hinkley Point C project in the United Kingdom, with an initial maturity of 40 years and a fixed coupon of 6.500% (ISIN: FR001400TU80).
This transaction enables EDF to finance its strategy and objective to contribute to achieving carbon neutrality by 2050. Settlement and delivery of the Bonds took place on 31 January 2025, the date on which the Bonds were admitted to trading with a temporary ISIN code for 40 days.