Universal Registration Document 2020

Note 25 Additional equity

Additional equity at 31 December 2020 amounts to a net €11,473 million and consists of:

• perpetual subordinated bonds issued by EDF in January 2013 and January 2014 at the value of €4,336 million and €3,466 million respectively, net of redemptions;
• perpetual subordinated bonds issued by EDF in September 2018, valued at €1,250 million;
• perpetual subordinated bonds issued by EDF in November 2019, valued at €497 million;
• perpetual subordinated bonds issued by EDF in September 2020, valued at €2,081 million (€2,100 million nominal, net of a €19 million redemption premium)(see note 2.4.2).

This net amount includes the effects of foreign currency variations, redemption premiums and the related amortisation.

Payments to bearers of perpetual subordinated bonds amounted to €512 million in 2020 (€549 million in 2019). This expense is recorded in “Expenses on long-term financial liabilities after hedging” (see note 13).

Perpetual subordinated bonds

(in millions of currency units)