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EDP to issue U.S.$ 1,000,000,000 of Notes

EDP to issue U.S.$ 1,000,000,000 of Notes

Wednesday 23, September 2009
2 min read
This article has more than 6 months
EDP Finance B.V. launched and priced an offering of a total of U.S.$ 1,000,000,000 of Rule 144A and Regulation S notes.

EDP Finance B.V. launched and priced today an offering of a total of U.S.$ 1,000,000,000 of Rule 144A and Regulation S notes, maturing in October 2019 with a coupon of 4.9% (the "Notes").

The Notes will be issued under EDP - Energias de Portugal, S.A. ("EDP") and EDP Finance B.V.'s Programme for the Issuance of Debt Instruments (MTN), and an application will be made for the Notes to be admitted to official listing on the London Stock Exchange.

The proceeds of the offering will be used to fund the capital expenditure requirements of EDP Renováveis, S.A. and EDP's general corporate purposes.

The transaction received strong investor demand and the books closed well oversubscribed. Barclays Capital Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. Incorporated acted as Joint Lead Managers on the transaction.

EDP and EDP Finance B.V. are rated A3 by Moody's Investors Service Limited, A- by Standard & Poor's Ratings Services and A- by Fitch Ratings Limited.


EDP - Energias de Portugal, S.A.

 

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