EDF: $4.7bn multi-tranche senior issue on the US bond market
14 January 2014
The securities offered will not be or have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States of America absent registration or an applicable exemption from registration requirements.
on the US bond market
$4.7 billion in 5 tranches: 3Y (floating and fixed), 5Y, 30Y and 100Y
Largest 100-year bond from a European corporate issuer ever
EDF (A+ S&P / Aa3 Moody's / A+ Fitch) has successfully priced a $4.7 billion senior bond issue in 5 tranches:
$750 million, at floating rate with a 3-year maturity
$1 billion, with a 3-year maturity and a fixed coupon of 1.15%
$1.25 billion, with a 5-year maturity and a fixed coupon of 2.15%
$1 billion, with a 30-year maturity and a fixed coupon of 4.875%
$700 million, with a 100-year maturity and a fixed coupon of 6.00%
Taking advantage of the excellent market conditions witnessed in early 2014, EDF has returned to the US bond market and priced a $4.7 billion offering of senior notes in 5 tranches with an average coupon of 3.27%(1) and an average maturity of 23.7 years(1).
Thomas Piquemal, Group Chief Financial Officer says: "The successful completion of these senior US dollar bond issues, including the largest 100-year bond from a European corporate issuer, shows investors' trust in EDF, its strategy and its enhanced financial profile achieved over the last four years."
Excluding the 3-year floating
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 hydropower generation facilities where 95.9% 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 28.6 million customers in France. The Group generated consolidated sales of €72.7 billion in 2012, of which 46.2% outside of France. EDF is listed on the Paris Stock Exchange and is a member of the CAC 40 index.
| EDF SA |
22-30, avenue de Wagram
75382 Paris cedex 08
Capital de 930 004 234 euros
552 081 317 R.C.S. Paris
Carole Trivi & Alison Marquilly: +33 1 40 42 44 19
Analysts and investors
Carine de Boissezon & Kader Hidra: +33 1 40 42 45 53
David Newhouse (US investors): +33 1 40 42 32 45
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EDF via Globenewswire