Gide acted as bank counsel in two parallel USD bond offerings by EDF (USD4.7bn & USD1.5bn)

Gide acted as bank counsel in two parallel U.S. dollar bond offerings by EDF (USD 4.7 billion and USD 1.5 billion)

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 $4.7 billion senior bond issue in 5 tranches, including:

• $750 million, at floating rate with a 3-year maturity
• $1 billion, with a 3-year maturity and a fixed coupon of 1.15%
• $1.25 billion, with a 5-year maturity and a fixed coupon of 2.15%
• $1 billion, with a 30-year maturity and a fixed coupon of 4.875%
• $700 million, with a 100-year maturity and a fixed coupon of 6.00%

The second offering was a $1.5 billion hybrid with a 10-year first call date.

The Gide team was led by Melinda Stege Arsouze, a U.S. law partner, assisted mainly by Scott Logan and Romain Querenet de Breville.