EDF cuts hybrid debt stock by 9%

EDF Energy UK cooling tower from corporate media gallery 230x150
By Mike Turner
16 Dec 2019

Power company Electricité de France has agreed to buy back almost €1.2bn-equivalent of its hybrid capital bonds, marking the end of a busy period for the company in the debt markets.

The A3/A-/A- rated company launched a tender offer at the end of November on its €661.8m perpetual non-call January 2022 notes and its $3bn perpetual non-call January 2023s.

EDF has agreed to buy back €394.9m of the non-call 2022s at 107.55 and $895.176m of the 2023s at 104.567. The ...

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