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  • 18 OCTOBER 2024
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EDP sets issue price of green debt instruments at 750 million

EDP today set the price for an issue of green debt instruments in the amount of 750 million euros and maturing in 2054, it said in a statement released by the Securities Market Commission (CMVM).

EDP sets issue price of green debt instruments at 750 million
Notícias ao Minuto

19:30 - 21/05/24 por Lusa

Economia EDP

EDP thus reported that it "fixed the price today for an issue of 'green' debt instruments" for a total amount of 750 million euros, "with an option for early redemption by EDP 5.75 years after the issue date, maturity date in May 2054 and a 'yield' of 4.875% (annual coupon of 4.75%)".

According to the group, "the debt instruments are not guaranteed ('unsecured'), being senior only in relation to EDP's ordinary shares and subordinate to its senior debt obligations".

EDP also indicated that these instruments will be issued "under the debt securities issuance programme 'Programme for the Issuance of Debt Instruments' by EDP, EDP Finance BV and EDP Servicios Financieros España, S.A.U., and admission to trading on the Euronext Dublin will be requested".

According to the press release, "the net proceeds of this issue will be used to finance or refinance the portfolio of eligible 'green' projects, as defined in EDP's "Green Finance Framework", available on the company's website".

At the same time, "they are intended to replace the 'green' subordinated debt instruments in the amount of 750 million euros, which have an early redemption option in April 2025", it concluded.

Read Also: PSI down with EDP and Jerónimo Martins leading the losses (Portuguese version)

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