EDF: EDF announces exercise of option to redeem hybrid bonds

Core Viewpoint - EDF intends to redeem hybrid bonds issued in January 2014 and January 2013, totaling €1 billion and £1.25 billion respectively, as part of its financial strategy [2][3]. Group 1: Hybrid Bonds Redemption - The company will redeem €282.8 million and £159.6 million of outstanding hybrid bonds on their respective First Early Redemption Dates, which are set for January 22, 2026, and January 29, 2026 [3]. - The hybrid bonds were subject to tender offers launched on September 10, 2024, and September 29, 2025 [3]. Group 2: Recent Financial Activities - Since June 30, 2025, EDF has completed private bond placements totaling €750 million, along with an additional €50 million issuance related to bonds from December 9, 2019, which have a fixed coupon of 2.000% and an initial maturity of 30 years [4]. Group 3: Company Overview - EDF is a significant player in the energy transition, focusing on power generation, distribution, trading, and energy services, with a strong emphasis on low-carbon energy [7]. - The company generated 520 TWh of energy in 2024, with 94% being decarbonized, and maintains a carbon intensity of 30gCO2/kWh [7]. - EDF serves approximately 41.5 million customers and reported consolidated sales of €118.7 billion in 2024 [7].