(AGENPARL) – Roma, 14 Giugno 2024
(AGENPARL) – Fri 14 August 2024 PRESS RELEASE
2024-206-EN
June 14, 2024
The EIB subscribes up to 150 million euros to the three billion euro green bond issue issued by EDF on June 11, 2024.
This operation is the first participation of the European public bank in an EDF green bond issue.
The funds raised will be used to finance investments in adapting the electricity distribution network to the needs of the energy transition.
The European Investment Bank (EIB) has subscribed for an amount of 150 million euros to the issue of multi-tranche senior green bonds amounting to 3 billion euros from the energy company EDF. The EIB’s investment comes in the tranche of longer-term bonds (20 years). The EIB’s participation represents 12% of the financing of this tranche (1.250 billion euros).
Ambroise Fayolle, Vice-President of the EIB, comments: “The EIB, which is a very long-term partner of EDF, is very satisfied to contribute to the success of this major operation to finance the energy transition. It is our role as a public bank to support this major financing to decarbonize energy production in France and Europe.” General informations
About the EIB
The European Investment Bank (EIB), whose shareholders are the 27 member states of the European Union (EU), is the EU’s long-term financing institution. The EIB provides loans to the public and private sectors intended to support quality investments contributing to the achievement of the EU’s major objectives. In 2023, France was the first country to benefit from EIB financing in the energy and green transition with a total investment of 6.9 billion euros in favor of renewable energies, clean mobility and energy efficiency.
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