EDP - Energias de Portugal, S.A. informs: Cash tender offer for outstanding Hybrid and new issue of green hybrid
January 16, 2023 at 02:20 pm IST
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Investors &
Analysts'
Briefing
Reuters: EDP.LS
Bloomberg: EDP PL
CASH TENDER OFFER FOR OUTSTANDING HYBRID AND NEW ISSUE OF GREEN HYBRID
Lisbon, January 16th 2023: EDP - Energias de Portugal, S.A. ("EDP") provides the
following information to the market and to the public in general:
CASH TENDER OFFER FOR OUTSTANDING FIXED TO RESET RATE SUBORDINATED NOTES
Investor Relations
Department
phone +351 21 001 2834 ir@edp.com
An invitation for a cash tender offer was launched today for the debt securities identified below, subject to acceptance by EDP and certain terms and conditions set out in the respective Tender Offer Memorandum (the "Offer"). The purchase of any Notes validly tendered by the holders in the Offer is conditional, without limitation, on the successful completion of the offering of the New Subordinated Green Notes referred to below.
Description of the Notes
ISIN / Common Code
Outstanding Nominal
Amount
€1,000,000,000 Fixed to
PTEDPKOM00
€1,000,000,000
Reset Rate Subordinated
34 / 194361556
Notes due 2079
The purpose of the Offer, together with the proposed issue of New Notes (as defined below), is to proactively manage the Offeror's hybrid capital layer.
NEW SUBORDINATED GREEN NOTES ISSUE
EDP also intends to issue a new series of euro-denominated fixed to reset rate subordinated notes, subject to market conditions (the "New Subordinated Green Notes" or the "New Notes"). The New Notes would be unsecured, senior only to EDP's ordinary shares and junior to its senior debt obligations and the proceeds from the issue directed to EDP's eligible green projects portfolio.
The Offer does not constitute an invitation to tender in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws.
EDP - Energias de Portugal, S.A.
Issuer of shares admitted to trading on a regulated market Head Office: Av. 24 de Julho, 12 1249-300 Lisboa Portugal
Share Capital € 3 965 681 012 Registered at the Commercial Registry Office of Lisbon under no. 500697256 Company Tax Number 500697256
No action has been or will be taken in any jurisdiction (including Portugal) in relation to the new notes that would allow a public offering of securities.
The present information has been prepared pursuant to the terms and for the purposes of the established in article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council.
EDP - Energias de Portugal, S.A.
EDP - Energias de Portugal, S.A.
Issuer of shares admitted to trading on a regulated market Head Office: Av. 24 de Julho, 12 1249-300 Lisboa Portugal
Share Capital € 3 965 681 012 Registered at the Commercial Registry Office of Lisbon under no. 500697256 Company Tax Number 500697256
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EDP - Energias de Portugal SA published this content on 16 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 January 2023 08:49:07 UTC.
EDP - Energias de Portugal, S.A. is one of the leading producers and distributors in Portugal. The activity is organized around 4 sectors:
- production, sales and distribution of electricity: hydroelectric, thermoelectric, wind, co-generated, and biomass-based;
- supply of energy services: primarily engineering and consulting services for the construction and installation of thermoelectric and hydroelectric units;
- sales and distribution of gas (No. 2 in Portugal);
- other: steam production, supply of computer services, etc.
Net sales are distributed geographically as follows: Portugal
EDP - ENERGIAS DE PORTUGAL, S.A. 
