On 20 November, EDF successfully launched the first green bond by a large corporate, and for the highest amount from any issuer: EUR 1.4 billion. The bond has a 7.5 year maturity and an annual coupon on 2.25%.
Crédit Agricole CIB was one of the three lead arrangers of the deal. The funds raised will be used exclusively to finance future renewable energy projects run by EDF Energies Nouvelles.
For this inaugural issue, EDF made a twofold innovative commitment by implementing the project eligibility criteria established by the extra-financial rating agency Vigéo, and by subjecting the allocation of funds to verification by Deloitte and Associates.
The issue was a great success with investors integrating environmental, social and governance (ESG) criteria in their fund management and which make up 60% of the final allocation.