Hogan Lovells advises EDF in relation to the first Green Bond ever issued by a corporate
02 December 2013
Hogan Lovells advised EDF in relation to the issue of Green Bonds for a total value of 1.4 billion euros. These Green Bonds are certified by Vigeo and Deloitte & Associés.
By issuing these Green Bonds, EDF achieved a world first. The funds raised will be exclusively dedicated to financing future renewable energy projects led by EDF Energies Nouvelles, a wholly-owned subsidiary of EDF. The selected projects will have to comply with the eligibility criteria drawn up in partnership with the social responsibility rating agency Vigeo. The eligible projects and their use of funds will be annually disclosed by EDF and verified by Deloitte & Associés, which will publish an attestation report on the fulfillment by EDF of its commitments.
The Hogan Lovells team in charge of this transaction was led by partner Sharon Lewis, global head of International Debt Capital Markets, who worked with Vincent Fidelle (Counsel) and Marouane El Idrissi.
Clifford Chance Europe LLP assisted the arranging banks, with partner Cédric Burford, who worked with Gemma Doyle and Alexandra McIntyre.