On 6 January 2025, EDF (BBB positive S&P / Baa1 stable Moody’s / BBB+ negative Fitch) successfully raised
$500 million of senior green bonds with a 5-year maturity and a SOFR + 1.15% floating coupon (the “Bonds”).
An amount equal to the net proceeds of the bonds will be used to finance and/or refinance investments as defined in EDF’s Green Financing Framework ([1]) and aligned with the European taxonomy, in relation to the lifetime extension of the existing French nuclear reactors.
This transaction enables EDF to finance its strategy and objective to contribute to achieving carbon neutrality by 2050. As a reminder, the carbon intensity of nuclear power plants in France is 4gCO²/kWh ([2]).
Settlement and delivery will take place on 20 January 2025, the date on which the Bonds are expected to be admitted to trading on the Taipei Stock Exchange, and the multilateral trading facility of the Euro MTF, operated by the Luxembourg Stock Exchange.
The expected rating for the Bonds is BBB / Baa1 / BBB+ (S&P / Moody's / Fitch).