Gide acted as bank counsel in two parallel U.S. dollar bond offerings by EDF (USD 3.5 bn and USD 1.25 bn)

Gide advised the underwriting syndicates in the context of two U.S. dollar bond offerings by EDF in the form of private placements.

The first offering was a $3.5 billion senior bond issue in four tranches, including:

• $1.5 billion, with a 5-year maturity and a fixed coupon of 2.350%
• $500 million, with a 20-year maturity and a fixed coupon of 4.750%
• $1.15 billion, with a 30-year maturity and a fixed coupon of  4.950%
• $350 million, with a 40-year maturity and a fixed rate coupon of 5.250%

The second offering was a $1.25 billion Green Bond issuance with a 10-year maturity and a fixed coupon of 3.625%. This offering constitutes the largest ever USD denominated Green Bond from a corporate issuer.

The Gide team was led by Melinda Stege Arsouze and Chris Mead, U.S. law partners, and Arnaud Duhamel, a French law partner, assisted mainly by Scott Logan and Théophile Strebelle.