EDF has successfully completed its first Kangaroo senior bond issuance in Australia, raising AUD 1 billion through two tranches. The issuance included AUD 500 million with a 10-year maturity carrying a 5.636 per cent fixed coupon, and another AUD 500 million with a 20-year maturity at a 6.627 per cent fixed coupon. The bonds are expected to be rated BBB by S&P, Baa1 by Moody’s, and BBB+ by Fitch.
The settlement and delivery of the issuance are scheduled for August 28, 2025. The transaction will provide financing for EDF’s low-carbon power system strategy, and also aims to broaden its investor base. With this issuance, EDF remains an active issuer in debt markets, regularly evaluating financing requirements and monitoring both domestic and international markets for further opportunities in senior or hybrid debt instruments and other securities.
In August 2025, EDF Power Solutions North America sold its 250 MW/1,000 MWh Beehive battery energy storage project in Peoria, Arizona, to Copenhagen Infrastructure Partners after beginning construction on the project earlier that year.