EDF completes its series of bond issuances launched earlier this week with a 100-year bond in sterling

Fri Jan 17, 2014 10:52am EST

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PRESS RELEASE
17 January 2014
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EDF completes its series of bond issuances launched earlier this week with a 100-year bond in sterling

  • Successful pricing of £1.35 billion, first ever century-bond in sterling  

  • Senior dollars and sterling offerings extend average debt maturity by 3.4 years with no impact on average coupon 

EDF (A+ S&P / Aa3 Moody's / A+ Fitch) has today successfully priced a 100-year £1.35 billion bond issuance in sterling, closing the series of issuances launched earlier this week, which included the multi-currency hybrid bond and senior dollars bond offerings. This bond issuance, with a 100-year maturity, is the first ever century-bond in sterling. The coupon stands at 6%, which is in line with the 100-year senior bond in dollars priced last Tuesday.

With this transaction, the Group is going one step further in its active funding policy to align its balance sheet with its long lifetime industrial assets by lengthening the average maturity of its debt.
Taking into account all the transactions announced this week, the average maturity of the Group's debt has been extended by 3.4 years compared to 30 June 2013 with no impact on the average coupon.

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.

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EDF SA
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Source: EDF via Globenewswire

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