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Crédit Agricole CIB lead manages a long-term bond placement for EDF
Crédit Agricole CIB, together with Natixis and Société Générale, was awarded a mandate to lead manage a 20-year, euro-denominated bond issue for EDF (rated Aa3 by Moody’s and A+ by Standard &Poor's). In just 90 minutes the order book reached just over EUR 4 billion while the final amount came to EUR 1.5 billion.
Despite its long, 20-year maturity the issue attracted 250 investors.
EDF will use the proceeds of this placement within the framework of its policy to extend the maturity of its debt.
Crédit Agricole CIB had already acted alongside EDF in several bond market and financing transactions. In particular in September 2009, Crédit Agricole CIB was the bookrunner for a 15-year EUR 2.5 billion bond issue.