EDF Sells Green Hybrid Debt for Nuclear Power Generation (1)

Electricité de France SA has raised €1.25 billion of hybrid green bonds to finance nuclear power generation, adding to earlier sales under its green financing framework.

Proceeds will help fund capital expenditures tied to extending the life of EDF’s French nuclear reactors, according to a person familiar with the deal who asked not to be identified. The investments comply with the European Union’s sustainable finance taxonomy. The perpetual debt, which is first callable in January 2031, priced with a yield of 4.5% and had final investor bids of €4.3 billion, the person said.

EDF first included nuclear in its green ...