EDF raises €2,100 million through two issues of Euro-denominated Hybrid Notes
08 Settembre 2020 - 10:49PM
EDF raises €2,100 million through two issues of Euro-denominated
Hybrid Notes
EDF raises €2,100 million through two
issues of Euro-denominated Hybrid Notes
Paris, France, 8 September 2020
– EDF (BBB+ S&P / A3 Moody's / A- Fitch) (the
“Company”) successfully launched on 8 September
2020 two new issues of Euro-denominated hybrid notes for a total
nominal amount of € 2,100 million, consisting of:
- a €850 million perpetual 6.5 years non-call hybrid notes issue
with an initial coupon of 2.875% and a first redemption at the
option of the Company on 15 December 2026 (the “6.5-Year
Non-Call Hybrid Notes”) ; and
- a €1,250 million perpetual 10 years non-call hybrid notes issue
with a initial coupon of 3.375% and a first redemption at the
option of the Company on 15 June 2030 (the “10-Year
Non-Call Hybrid Notes” and, together with the 6.5-Year
Non-Call Hybrid Notes, the “Hybrid Notes”).
The Company can redeem the Hybrid Notes for cash
at any time during the 90 days before the first interest reset
date, which is expected to be in 6.5 years (with a first reset date
of March 2027) for the 6.5-Year Non-Call Hybrid Notes, and in 10
years (with a first reset date of September 2030) for the 10-Year
Non-Call Hybrid Notes, and on every coupon payment date
thereafter.
The settlement date will occur on 15 September
2020 and on such date the Hybrid Notes will be admitted to trading
on the regulated market of Euronext Paris.
These offerings shows the Company’s strong
commitment to financing through hybrid capital securities, which
are a permanent part of its capital structure. The proceeds
resulting from the Hybrid Notes will be used for general corporate
purposes of the Company.
The Hybrid Notes are scheduled to be admitted to
trading on Euronext Paris. It is also confirmed that the rating
agencies assigned the Hybrid Notes a rating of BB- / Baa3 / BBB
(S&P / Moody’s / Fitch) and an equity content of 50%.
Note: The English version of this press release
may differ from the French version for regulatory reasons.
About EDF
A key player in energy transition, the EDF Group
is an integrated electricity company, active in all areas of the
business generation, transmission, distribution, energy supply and
trading, energy services. A global leader in low-carbon energies,
the Group has developed a diversified generation mix based on
nuclear power, hydropower, new renewable energies and thermal
energy. The Group is involved in supplying energy and services to
approximately 38.9 million customers(1), 28.8 million of which are
in France. It generated consolidated sales of €71.3 billion in
2019. EDF is listed on the Paris Stock Exchange.
(1) Customers are counted since 2018
per delivery site; a customer can have two delivery points: one for
electricity and another for gas.
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what you need EDF S.A.22-30, avenue de Wagram75382 Paris cedex
08Capital de €1,551,810,543552 081 317 R.C.S.
Paris www.edf.fr |
CONTACTSPress: +33 (0) 1 40 42 46
37Analysts and Investors:+33 (0) 1 40 42 40
38 |
Disclaimer
This press release does not constitute an offer
to sell or subscribe, nor a solicitation of purchase or
subscription orders for the Hybrid Bonds, in particular in the
United States, Japan, et au United Kingdom. The distribution of
this document in certain other countries may also be subject to
specific regulations. Persons in possession of any documents or
other information referred to in this press release should inform
themselves of any local restrictions and comply with them. Any
breach of such restrictions may constitute a violation of the
securities law of the jurisdiction in question.
No offer to sell or solicitation of an order to
buy or subscribe for the Hybrid Bonds may be made in a country or
territory in which such an offer or solicitation would be contrary
to the regulations in force or before its registration under stock
market law in force in the said country or territory. In
particular, the Hybrid Notes may not be offered or transferred in
the United States without registration or exemption from
registration in accordance with the U.S. Securities Act of 1933 (as
amended).