EDP announced today in a statement the issue of 750 million euros in 10-year bonds at an interest rate of 2% and maturing in April 2025.
In a statement sent to the Portuguese Securities Market Commission (CMVM), the electric led by António Mexia states that “EDP Finance BV today fixed the price of a bond issue in the amount of EUR 750 million maturing in April 2025 and 2% coupon. “
According to the company, the obligations” will be issued under the issuance of debt securities program ‘Programme for the Issuance of Debt Instruments (MTN)’ EDP and EDP Finance BV and will be listed on the Irish Stock Exchange. “
This issue is intended to finance the needs arising from the operating business,” allowing lengthen the period of maturity and increase financial flexibility “the statement said.
In this transaction acted as joint-bookrunners’ BBVA, BPI, CaixaBI, ING, Morgan Stanley MUFG, RBS and SG CIB, says the statement.
In 2014 results presentation, the CEO António Mexia had already announced that EDP would perform such an operation in the first half of the year.
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