EDF Launches Tender Offer and Plans New Green Hybrid Notes

EDF, with ratings of BBB positive by S&P, Baa1 stable by Moody’s, and BBB+ stable by Fitch, is initiating a tender offer to purchase two outstanding series of hybrid notes. These target notes include a €1 billion reset perpetual subordinated note, with €501.3 million outstanding, and a £1.25 billion note, with £628.7 million outstanding. The results of this purchase offering will be disclosed on October 7, 2025.

Simultaneously, EDF plans to issue new euro green perpetual subordinated notes under its EMTN programme. The new notes will finance investments aligned with EDF's Green Financing Framework, supporting nuclear reactor lifetime extensions in France. These efforts reflect EDF’s ongoing strategies in managing debt and seizing opportunities in financial markets for securities issuances.