EDF: launches bond issues
(CercleFinance.com) - EDF yesterday announced that it has launched a hybrid bond issue of 1.
25 billion euros, with a coupon of 4% and a six-year redemption option.
This issue marks the company's commitment to funding by hybrid securities, as a permanent component of its capital structure, so as to finance its assets under construction, said EDF. The proceeds from the transaction will be mainly allocated to the partial repurchase of strains of super-subordinated bonds.
At the same time, EDF says that it has launched a 1 billion euro senior bond issue maturing in 12 years' time with a fixed coupon of 2%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
25 billion euros, with a coupon of 4% and a six-year redemption option.
This issue marks the company's commitment to funding by hybrid securities, as a permanent component of its capital structure, so as to finance its assets under construction, said EDF. The proceeds from the transaction will be mainly allocated to the partial repurchase of strains of super-subordinated bonds.
At the same time, EDF says that it has launched a 1 billion euro senior bond issue maturing in 12 years' time with a fixed coupon of 2%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.