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Gide acted as bank counsel in two parallel U.S. dollar bond offerings by EDF (USD 3.5 billion and USD 1.25 billion)

27 Oct 2015

Gide advised the underwriting syndicates in the context of two U.S. dollar bond offerings by EDF in the form of private placements. The first offering was a $3.5 billion senior bond issue in four tranches, including:

    * $1.5 billion, with a 5-year maturity and a fixed coupon of 2.350%
    * $500 million, with a 20-year maturity and a fixed coupon of 4.750%
    * $1.15 billion, with a 30-year maturity and a fixed coupon of  4.950%
    * $350 million, with a 40-year maturity and a fixed rate coupon of 5.250%

The second offering was a $1.25 billion Green Bond issuance with a 10-year maturity and a fixed coupon of 3.625%. This offering constitutes the largest ever USD denominated Green Bond from a corporate issuer.

The Gide team was led by Melinda Stege Arsouze and Chris Mead, U.S. law partners, and Arnaud Duhamel, a French law partner, assisted mainly by Scott Logan and Théophile Strebelle.

Matter Type
Banking & Finance - Capital Markets: Debt
Industry
Finance & Banking
News Category
Banking & Finance