EDF raises £500 million of senior bonds to finance and/or refinance investments made in construction of two EPR-type reactors at Hinkley Point C site in Somerset, United Kingdom

Client(s) EDF (Electricité de France)

Jones Day represented EDF (Electricité de France) in connection with its senior bond issue for a nominal amount of £500 million with a 40-year maturity and a 6.5% fixed coupon.

An amount equal to the net proceeds from the issuance will be allocated to the financing and/or refinancing of investments made in the construction of the two EPR-type reactors at the Hinkley Point C site in Somerset, United Kingdom, with a total capacity of 3.26 GW. These reactors, whose lifecycle analysis is estimated at less than 6gCO2/kWh, will make a decisive contribution to the UK's ambition to be “net zero emissions” by 2050. Pending commissioning, the EDF Group's UK subsidiary has already been producing electricity with zero direct CO2 emissions since 2023.