EDF Is Selling Europe’s First Green Bond For Nuclear Energy

Electricite de France SA is selling the first green bond in Europe that can be used to finance nuclear energy projects.

EDF is seeking to raise at least €500 million ($548 million) from the notes, which mature in 2027, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. Initial price discussions are around 105 to 110 basis points over mid-swaps.

The French utility intends to allocate the net proceeds to European Union-taxonomy aligned nuclear energy capital expenditures in existing French nuclear reactors via look-back — a way ...