On the date of this Universal Registration Document, other than the common shares of Company stock, there are no other securities that grant access to EDF’s share capital, either directly or indirectly.
On 18 April 1996, EDF set up a programme to issue debt securities in the form of Euro Medium Term Notes (the “EMTN” programme). Since this date, this programme has been regularly renewed.
On 6 October 2016, EDF successfully raised $2.655 billion from 2 senior bonds subscribed for by twenty or so investors on the Taiwanese market (“Formosa bonds”):
On 6 October 2016, EDF also successfully launched a senior multi-currency bond issue of approximately €3 billion in four tranches:
This third Green Bond issue, in an amount of €1.75 billion, is the largest tranche of Green Bonds issued to date and means that EDF has already issued the equivalent of more than €4 billion in Green Bonds over a three-year period to support its expansion in the renewable energies field.
On 20 January 2017, EDF successfully raised 137 billion yen, corresponding to approximately €1.1 billion(1), through 4 senior bonds issued on the Japanese market (“Samurai bonds”):
With the issue of two green tranches, in a total amount of 26 billion yen to be used to finance its renewable investments, EDF opens the Samurai Green market and thus continues to actively participate in the development of Green Bonds as tools to finance the energy transition.
On 19 September 2018, EDF successfully raised US$3.75 billion on 3 tranches of senior bonds:
In addition, on 25 September 2018, EDF successfully launched a €1 billion senior bond issue with a 12-year maturity and a fixed coupon of 2%.
On 25 September 2018, EDF launched a €1.25 billion super-subordinated bond issue with a 4% coupon and a redemption option exercisable at EDF’s discretion, initially between 4 July 2024 (inclusive) and 4 October 2024 (inclusive). It also
launched a contractual cash buyback offer for four existing hybrid bond issues for €1.25 billion. The total amount of EDF hybrid shares remains unchanged following these issue/redemption operations.
On 26 November 2019, EDF launched a €500 million euro-denominated hybrid bond issue with a 3% coupon and a redemption option including a first option for early redemption at the Company’s call in December 2027. The Company also launched contractual buyback offers for the following securities:
On 28 November 2019, EDF raised US$2 billion with a 50-year maturity and a fixed coupon of 4.5% under its EMTN program.
As part of the same programme, on 2 December 2019, EDF raised €1.25 billion with a 30-year maturity and a fixed coupon of 2%. On 12 December 2019, EDF announced the final result of its buyback offer for euro-denominated hybrid bonds and the results of early participation in its buyback offer for US dollar-denominated hybrid bonds.
On 30 December 2019, EDF announced the final result of its buyback offer for US dollar-denominated hybrid bonds. The Company also exercised its option to buyback on 29 January 2020 all of the perpetual subordinated bonds totalling €1.250 billion, with a current outstanding amount of €338.2 million.
Acquisition and disposal commitments involving securities in subsidiaries are described in note 46 to the consolidated financial statements for the fiscal year ended 31 December 2019.
With the exception of these commitments to acquire and dispose of securities and any other commitments that are described in chapter 1 (“The Group, its strategy and activities”) of this Universal Registration Document, EDF has not made any promises to purchase or sell that would make it possible to acquire or dispose of, as applicable, all or part of the capital of the Company or of any of its subsidiaries, as defined in Article L. 233-1 of the French Commercial Code (Code de commerce).
To the Company’s knowledge, none of the Company’s common shares that make up its share capital have been pledged.
(1) According to the exchange rate on 20 January 2017.
