EDF : EDF completes its inaugural hybrid bond offering, to raise more than €6 billion in total

EDF : EDF completes its inaugural hybrid bond offering, to raise more than €6
                               billion in total

This press release and the information contained herein are not being issued
and may not be distributed in the United States of America, Canada, Japan or


· Successful pricing of additional USD 3 billion offering

· Largest ever combined corporate hybrid offerings across all three

EDF has today successfully priced a USD 3 billion hybrid bond offering, adding
to the offerings of  hybrid capital securities in  euros and sterling  earlier 
this week. The combined offerings will allow the group to raise the equivalent
of approximately €6.2 billion in total across all three currencies, which will
represent the largest corporate hybrid issuance ever achieved:

  oUSD 3 billion at 5.25% coupon with a 10-year first call date^(2)
  o€1.25 billion at 4.25% coupon for the tranche with a 7-year first call
  o€1.25 billion at 5.375% coupon for the tranche with a 12-year first call
  o£1.25 billion at 6% coupon for the tranche with a 13-year first call

Each of  the  offerings  met  with  a  very  strong  level  of  interest  from 
institutional investors  and  was  several times  oversubscribed.  The  strong 
demand came from investors in  the US, in Asia, in  the United Kingdom and  in 
Continental  Europe,  allowing  the  group  to  diversify  geographically  its 
investor base.

Thomas Piquemal, Group Chief Financial Officer says "Our inaugural hybrid bond
issuance was  very well  received by  institutional investors,  with all  four 
offerings several times oversubscribed. We  will manage to raise €6.2  billion 
providing flexibility in financing our  industrial strategy while achieving  a 
lower cost of capital."

(1) Source: Dealogic/Bloomberg

(2) Separate offering under Rule 144A/Regulation S

(3) Under its Regulation S EMTN program

The EDF  Group, one  of  the leaders  in the  European  energy market,  is  an 
integrated energy company  active in  all areas of  the business:  generation, 
transmission, distribution,  energy  supply  and trading.  The  Group  is  the 
leading electricity producer in Europe. In  France, it has mainly nuclear  and 
hydraulic production  facilities  where 96.5%  of  the electricity  output  is 

EDF's transmission and distribution  subsidiaries in France operate  1,285,000 
km of low and  medium voltage overhead and  underground electricity lines  and 
around 100,000  km  of high  and  very high  voltage  networks. The  Group  is 
involved in  supplying  energy  and services  to  approximately  27.9  million 
customers in France. The Group generated consolidated sales of € 65.3  billion 
in 2011, of which 43.1% was achieved  outside of France. EDF is listed on  the 
Paris Stock Exchange and is a member of the CAC 40 index.

This press  release does  not constitute  an offer  to sell  securities, or  a 
solicitation  of  an  offer  to  buy  securities,  in  the  United  States  of 
America.Securities may not be offered or sold in the United States of  America 
absent  registration  or  an  exemption  from  registration  under  the   U.S. 
Securities Act of 1933, as amended  (the "Securities Act"). The securities  of 
Electricité de  France SA  described herein  have  not been  and will  not  be 
registered under the Securities Act, or the laws of any State, and may not  be 
offered or sold within the United States or to a U.S. Person, except  pursuant 
to an exemption  from, or in  a transaction not  subject to, the  registration 
requirements of the Securities Act and applicable State laws. Electricité  de 
France SA does  not intend  to register  any portion  of the  offering in  the 
United States or conduct a public offering of securities in the United States.



Carole Trivi : +33(1) 40 42 44 19

Analysts et Investors

Kader Hidra & Carine de Boissezon : +33(1) 40 42 45 53

David Newhouse (US investors) : +33(1) 40 42 32 45

EDF completes its inaugural hybrid bond offering


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: EDF via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.