EDF: EDF announces the success of its senior bond issue for a nominal amount of £500 million

EDF announces the success of its senior bond issue for a nominal amount of £500 million

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.

The EDF Group is a key player in the energy transition, as an integrated energy operator engaged in all aspects of the energy business: power generation, distribution, trading, energy sales and energy services. The Group is a world leader in low-carbon energy, with a low carbon output of 434TWh ⁽¹⁾, a diverse generation mix based mainly on nuclear and renewable energy (including hydropower). It is also investing in new technologies to support the energy transition. EDF's raison d'être is to build a net zero energy future with electricity and innovative solutions and services, to help save the planet and drive well-being and economic development. The Group supplies energy and services to approximately 40.9 million customers ⁽²⁾ and generated consolidated sales of €139.7 billion in 2023.

(1) See EDF's 2024 URD sections 1.2.3, 1.3.2 and 3.1
(2) Customers are counted per delivery site. A customer may have two delivery points.

1 See the report Life cycle carbon and environmental impact analysis of electricity from Hinkley Point C nuclear power plant development