Investment Banking

EDF green bond shows supply not running dry

French energy company's $1.25bn deal is the largest dollar green bond from a corporate yet and found 'pent-up demand' says one of its bankers

EDF green bond shows supply not running dry

Debt capital market bankers are well on their way to another bumper year for green bonds after French power company EDF sold the largest dollar-denominated green bond ever from a corporate issuer.

On October 7, EDF issued a $4.75 billion dollar bond across five tranches with maturities ranging from five to 40 years. A 10-year tranche, raising $1.25 billion, was a green bond, meaning the proceeds will be used to finance the company's renewable energy projects.

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