EDF announces the success of its senior multi-tranche bond issue for a nominal amount of $2,050 million

EDF announces the success of its senior multi-tranche bond issue for a nominal amount of $2,050 million

On 15 April 2024: EDF (BBB stable S&P / Baa1 stable Moody’s / BBB+ stable Fitch) successfully priced a senior bond issuance in 3 tranches for a nominal amount of U.S. $2,050 million (the “USD Bonds”):

• $ 650 million bond, with a 5-year maturity and a 5.650% fixed coupon;
• $ 650 million bond, with a 10-year maturity and a 5.950% fixed coupon;
• $ 750 million bond, with a 40-year maturity and a 6.000% fixed coupon;
  
  

EDF is an active issuer of debt and other types of securities. EDF regularly assesses its financing requirements and monitors national and international financial markets for opportunities to conduct additional issuances of senior debt, hybrids and/or other types of securities.

Settlement and delivery of the USD Bonds will take place on 22 April 2024, the date on which the USD Bonds are expected to be admitted to trading on the multilateral trading facility of the Euro MTF, operated by the Luxembourg Stock Exchange.

These transactions enable the Group to further strengthen the structure of its balance sheet, as well as refinance upcoming maturities.

The expected rating for the USD Bonds is BBB / Baa1 / BBB+ (S&P / Moody's / Fitch).

Important Notice

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and shall not constitute an offer, solicitation or sale, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. The securities to which this press release relates (the “Securities”) have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States of America absent registration or an applicable exemption from registration requirements. There will be no public offer of securities in the United States.

EDF has not authorized any offer of Securities to retail investors in any member state of the European Economic Area (a “Member State”). No action has been undertaken or will be undertaken to make an offer of Securities to retail investors requiring publication of a prospectus in any Member State. As a result, the Securities may only be offered in Member States (i) to any legal entity that is a qualified investor as defined in the Prospectus Regulation or (ii) in any other circumstances falling within Article 1(4) of the Prospectus Regulation. For the purpose of this paragraph, the expression an “offer” means the communication in any form and by any means of sufficient information on the terms of the offer and the Securities to be offered so as to enable an investor to decide to exercise, purchase or subscribe for the Securities, the expression “Prospectus Regulation” means Regulation (EU) No 2017/1129, as amended, and the expression “retail investor” means a person who is one (or more) of the following: (i) a retail client as defined in point (11) of Article 4(1) of Directive 2014/65/EU, as amended (“MiFID II”); or (ii) a customer within the meaning of Directive (EU) 2016/97, as amended or superseded, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II; or (iii) not a qualified investor as defined in the Prospectus Regulation.