EDF SA has regular access to the medium-term bond market through an EMTN programme that allows it to raise funds from the financial markets using bond issues through the intermediary of brokers.
EDF's EMTN programme is registered in Paris, Luxembourg and some countries in the EU. Its ceiling is €20bn.
EDF Energy and Edison also have their own EMTN programmes with respective ceilings of €5bn, £4bn and €2bn.
Extracts of the prospectus relating to the private placement of long-term notes to qualified investors outside of France at January 21, 2009
Press release of the EDF bond issue at January 21, 2009Extracts of the prospectus relating to the private placement of long-term notes to qualified investors outside of France at January 22, 2010
The EDF Group has access to short-term resources under various programmes:
These programmes each have their own ceiling (see table below).
EnBW and EDF Energy also have such programmes. Their respective ceilings are €2 Bn and £1 Bn.
| Ceilings | |
|---|---|
| French Commercial Paper | €6,000 M |
| Mid-Term Commercial Paper (French BMTN programme) | €305 M |
| US Commercial Paper | $10,000 M |
| Euro Commercial Paper | €1,500 M |
The Group's legal status and missions, information on the EDF share, etc.
Taking a closer look