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© Reuters. EDP launches debt offer of 1,000 million euros maturing in 2079
Lisbon, Jan 16 (.).- The Portuguese electric company EDP (ELI:) has announced today an invitation to present offers for the sale of debt securities with a value of 1,000 million euros and maturing in 2079.
In a statement sent this Monday to the Portuguese Securities Market Commission (CMVM), the company clarified that this invitation is subject to acceptance by EDP “and to certain terms, conditions and limits established” in the Public Offering Memorandum of Acquisition.
Among several conditions is “the successful placement of the new Subordinated Green Notes,” the text adds.
With this offer, added to the new Green Notes, they seek to “proactively manage hybrid instruments.”
Likewise, the entity announced that it intends to issue a new series of “fixed to reset” subordinated debt instruments in euros subject to market conditions.
These instruments “are not guaranteed (unsecured), are senior only in relation to EDP’s common shares and are subordinated to its senior obligations,” the text specifies.
In addition, it will be allocated to the portfolio of eligible “Green” projects of the EDP Group.
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