On 31 October 2024, EDF (BBB positive S&P / Baa1 stable Moody’s / BBB+ negative Fitch) successfully raised
£500 million of senior bonds with a 40-year maturity and a 6.5% fixed coupon.
An amount equal to the net proceeds from the issuance will be allocated to the financing and/or refinancing of investments made in the construction of the two EPR-type reactors at the Hinkley Point C site in Somerset, United Kingdom, with a total capacity of 3.26 GW.
These reactors, whose lifecycle analysis is estimated at less than 6gCO2/kWh ([1]), will make a decisive contribution to the UK's ambition to be “net zero emissions” by 2050. Pending commissioning, the EDF Group's UK subsidiary has already been producing electricity with zero direct CO2 emissions since 2023.