EDF Plans Bond Redemption and Tender Offer

EDF, a key player in the energy transition, has announced its intention to redeem hybrid bonds and launch a partial tender offer on a series of hybrid notes. The company plans to redeem hybrid bonds issued on July 15, 2020, with a nominal amount of €850 million. These bonds are set to be redeemed on December 15, 2026, which aligns with their first call date as defined in the Terms and Conditions of the Bonds.

In conjunction with this, EDF is also launching a tender offer to purchase a portion of its outstanding reset perpetual subordinated social notes, with a nominal amount of €1.25 billion, maturing on December 1, 2027. The tender offer is capped at the nominal amount of the new issue launched today, less the total nominal amount of the hybrid bonds to be redeemed. EDF retains discretion over the amount of offers accepted in respect of the targeted notes.

The results of the tender offer will be announced on September 15, 2026, subject to any extensions, withdrawals, terminations, or amendments to the offer. EDF emphasizes that these announcements include forward-looking statements, which involve risks and uncertainties. The company advises readers not to place undue reliance on these statements, as they are based on current expectations that may not be achieved.

EDF operates as a key player in the energy transition, with a focus on low-carbon energy generation, including nuclear and renewable energy. The company’s efforts are aimed at building a net-zero energy future, leveraging new technologies to support this transition. EDF's customer base includes approximately 41 million customers, and the company generated consolidated sales of €113.3 billion in 2025.

The hybrid bond redemption and the tender offer are part of EDF's ongoing financial management and strategic initiatives. The redemption of the hybrid bonds is consistent with the company's strategy to optimize its capital structure and enhance liquidity. The tender offer reflects EDF’s proactive approach to managing its debt portfolio, ensuring alignment with its broader financial and strategic objectives.

EDF’s announcement underscores its commitment to maintaining a robust balance sheet while continuing to invest in sustainable energy solutions. The company’s actions are in line with its overall strategy to support the global energy transition and drive economic and environmental sustainability.