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EDF announces the success of its inaugural social hybrid bond issue for a nominal amount of 1.25 billion euros

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EDF announces the success of its inaugural social hybrid bond issue for a nominal amount of 1.25 billion euros

Paris, France, 26 May 2021 – EDF (BBB+ S&P / A3 Moody's / A- Fitch) successfully launched on 26 May 2021 an issue of an Euro-denominated perpetual social hybrid notes for a total nominal amount of € 1.25 billion with an initial coupon of 2.625% and a first redemption at the option of EDF on 1 June 2028 (the “Social Hybrid Notes”).

EDF can redeem the Social Hybrid Notes for cash at any time during the 60 days before the first interest reset date, which is expected to be in 7 years (i.e. in 2028), and before every coupon payment date thereafter.

The proceeds raised through the Social Hybrid Notes will be dedicated to the financing of eligible projects including any capital expenditure engaged by EDF Group and contracted with SMEs which contribute to the development or maintenance of EDF group’s power generation or distribution assets in Europe and in the United Kingdom (see the EDF Social Bond Framework for more details1). In compliance with the Social Bond Principles and the Sustainability Bond Guidelines of the ICMA (International Capital Market Association), this issuance of Social Hybrid Notes is consistent with the commitments and the CSR (Corporate Social Responsibility) strategy of the Group in relation to the responsible development of local areas and the development of industrial sectors.

With this issuance of Social Hybrid Notes, fully consistent with its raison d’être, EDF achieves a double world’s first: it is the first benchmark issue of social bonds by a utility company and the first benchmark issue of social hybrid bonds by a corporate issuer.

The settlement date will occur on 1st June 2021, on which date the Social Hybrid Notes will be admitted to trading on the regulated market of Euronext Paris.

The rating agencies have assigned the Social Hybrid Notes a rating of BB- / Baa3 / BBB (S&P / Moody’s / Fitch) and an equity content of 50%.

This press release is certified. Its authenticity can be verified on medias.edf.com

About EDF

A key player in energy transition, the EDF Group is an integrated electricity company, active in all areas of the business: generation, transmission, distribution, energy supply and trading, energy services. A global leader in low carbon energies, the Group has developed a diversified generation mix based on nuclear power, hydropower, new renewable energies and thermal energy. The Group is involved in supplying energy and services to approximately 37.9 million customers (1), 28.1 million of which are in France. It generated consolidated sales of €69 billion in 2020.
EDF is listed on the Paris Stock Exchange.

(1) The customers were counted at the end of 2019 per delivery site; a customer can have two delivery points: one for electricity and another for gas.



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EDF SA
French societe anonyme
With a share capital of 1 549 961 789,50 euros
Registered lead office: 22-30, avenue de Wagram
75382 Paris cedex 08
552 081 317 R.C.S. Paris



www.edf.fr



CONTACTS

Press: +33 (0) 1 40 42 46 37

Analysts and Investors: +33 (0) 1 40 42 40 38

Disclaimer

This press release does not constitute an offer to sell or subscribe, nor a solicitation of purchase or subscription orders for the Hybrid Bonds, in particular in the United States, Japan, et au United Kingdom. The distribution of this document in certain other countries may also be subject to specific regulations. Persons in possession of any documents or other information referred to in this press release should inform themselves of any local restrictions and comply with them. Any breach of such restrictions may constitute a violation of the securities law of the jurisdiction in question.

No offer to sell or solicitation of an order to buy or subscribe for the Hybrid Bonds may be made in a country or territory in which such an offer or solicitation would be contrary to the regulations in force or before its registration under stock market law in force in the said country or territory. In particular, the Hybrid Notes may not be offered or transferred in the United States without registration or exemption from registration in accordance with the U.S. Securities Act of 1933 (as amended).

1 https://www.edf.fr/sites/default/files/contrib/groupe-edf/espaces-dedies/espace-finance-en/investors-analysts/bonds/social-bonds/edf-social-bond-framework-may-19-2021.pdf

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