EDF completes its inaugural hybrid bond offering, to raise more than EUR6 billion in total

Thu Jan 24, 2013 1:53pm EST

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·       Successful pricing of additional USD 3 billion offering

·       Largest ever combined corporate hybrid offerings across all three currencies(1)

EDF has today successfully priced a USD 3 billion hybrid bond offering, adding to the offerings of
hybrid capital securities in euros and sterling earlier this week. The combined offerings will
allow the group to raise the equivalent of approximately EUR6.2 billion in total across all three
currencies, which will represent the largest corporate hybrid issuance ever achieved:

*(2)USD 3 billion at 5.25% coupon with a 10-year first call date 
*(3)EUR1.25 billion at 4.25% coupon for the tranche with a 7-year first call date 
*(3)EUR1.25 billion at 5.375% coupon for the tranche with a 12-year first call date 
*(3)£1.25 billion at 6% coupon for the tranche with a 13-year first call date

Each of the offerings met with a very strong level of interest from institutional investors and
was several times oversubscribed. The strong demand came from investors in the US, in Asia, in the
United Kingdom and in Continental Europe, allowing the group to diversify geographically its
investor base. 

Thomas Piquemal, Group Chief Financial Officer says "Our inaugural hybrid bond issuance was very
well received by institutional investors, with all four offerings several times oversubscribed. We
will manage to raise EUR6.2 billion providing flexibility in financing our industrial strategy
while achieving a lower cost of capital." 

(1) Source: Dealogic/Bloomberg

(2) Separate offering under Rule 144A/Regulation S

(3) Under its Regulation S EMTN program

The EDF Group, one of the leaders in the European energy market, is an integrated energy company
active in all areas of the business: generation, transmission, distribution, energy supply and
trading. The Group is the leading electricity producer in Europe. In France, it has mainly nuclear
and hydraulic production facilities where 96.5% of the electricity output is CO2-free.

EDF's transmission and distribution subsidiaries in France operate 1,285,000 km of low and medium
voltage overhead and underground electricity lines and around 100,000 km of high and very high
voltage networks. The Group is involved in supplying energy and services to approximately 27.9
million customers in France. The Group generated consolidated sales of EUR 65.3 billion in 2011,
of which 43.1% was achieved outside of France. EDF is listed on the Paris Stock Exchange and is a
member of the CAC 40 index. 

This press release does not constitute an offer to sell securities, or a solicitation of an offer
to buy securities, in the United States of America.Securities may not be offered or sold in the
United States of America absent registration or an exemption from registration under the U.S.
Securities Act of 1933, as amended (the "Securities Act"). The securities of Electricité de France
SA described herein have not been and will not be registered under the Securities Act, or the laws
of any State, and may not be offered or sold within the United States or to a U.S. Person, except
pursuant to an exemption from, or in a transaction not subject to, the registration requirements
of the Securities Act and applicable State laws.  Electricité de France SA does not intend to
register any portion of the offering in the United States or conduct a public offering of
securities in the United States.



Carole Trivi : +33(1) 40 42 44 19

Analysts et Investors

Kader Hidra & Carine de Boissezon : +33(1) 40 42 45 53

David Newhouse (US investors) : +33(1) 40 42 32 45

EDF completes its inaugural hybrid bond offering http://hugin.info/143450/R/1673116/544608.pdf 


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