Hogan Lovells advised EDF in its inaugural €1.25 billion hybrid social bond issue on 26 May 2021.
EDF has achieved a world first with the successful launch of a €1.25 billion perpetual hybrid social bond issue with an initial coupon of 2.625% and a first call option on 1 June 2028. The bonds were admitted to trading on the regulated market of Euronext Paris on 1 June 2021.
This hybrid social bond issue is the first benchmark social bond issue by a company in the utility sector.
Hogan Lovells advised EDF in this transaction with a team composed of Sharon Lewis and Vincent Fidelle (partners).
