Gide acted as bank counsel in two parallel U.S. dollar bond offerings by EDF (USD 3.5 bn and USD 1.25 bn)
22 October 2015
Deals | Paris | Capital Markets
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.