EDP announced this Wednesday, 3rd, the repurchase of almost 499 million euros, as part of an issue of 1,000 million euros, which matures in 2083, according to a statement sent to the market.
“EDP decided to set the ‘final acceptance amount’ at 498,800,000 euros and, therefore, subject to compliance with the conditions of the offer, it will accept for acquisition the notes validly presented […]subject to apportionment with a apportionment factor of 58.33%”, reads the statement sent today to the Securities Market Commission (CMVM).
On September 24, the electricity company announced its intention to repurchase 1,000 million euros of subordinated debt maturing in 2083, inviting investors holding these instruments to make sale offers.
At the same time, the company said it was preparing a new bond issue, the proceeds of which will be allocated “to the eligible ‘green’ assets of the EDP Group”.
In the statement released today, EDP said that it will pay the accrued interest on the notes.
The settlement date for the accepted notes is scheduled for December 5th.
“The offer does not constitute an invitation to submit offers to sell in any jurisdiction in which, or to any person in relation to whom, it is illegal to make such an offer or participate in it”, he clarified.
At 1:35 pm in Lisbon, EDP shares were falling 0.10% on the Lisbon stock exchange today to 3.88 euros.