PRESS RELEASE
Paris, 23 June 2017
Not for distribution, directly or indirectly, in the United States of America, Australia, Japan or Canada
Coentreprise de Transport d'Électricité raises €2.920bn through a senior bond issuance in 3 tranches
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On 20 June 2017, Coentreprise de Transport d'Électricité, the holding company of RTE, successfully raised €2.920 billion through a Euro senior bond issuance in 3 tranches (the "Bonds") on Euronext Paris:
- €500 million bond, with a 7-year maturity and a fixed coupon of 0.875%
- €1200 million bond, with a 11-year maturity and a fixed coupon of 1.500%
- €1220 million bond, with a 15-year maturity and a fixed coupon of 2.125%
Coentreprise de Transport d'Électricité is rated A- and the Bonds are rated BBB+ by Standard & Poor's.
The proceeds of the issue of the Bonds, will be applied for the repayment in whole of the bridge loan facilities made available to Coentreprise de Transport d'Électricité under the EUR 2,820,000,000 bridge loan acquisition facilities agreement dated 4 December 2016 and for the payment of priority dividends due to its shareholders for a maximum amount of €100,000,000.
Application will be made to Euronext Paris S.A. for the Notes to be admitted to trading on Euronext Paris and to the Autorité des Marchés Financiers for approval of the prospectus. Settlement and admission to trading on Euronext Paris of the Notes should occur on 29 June 2017.
This press release and the information contained herein do not constitute an offer to sell or subscribe, nor a solicitation of an order to purchase or subscribe the notes in any country, in particular in the United States. The distribution of this press release may be restricted in some countries and be subject to specific regulations and persons in possession of this press release should inform themselves about and comply with any applicable restrictions. In particular, these materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the "Securities Act") and may not be offered or sold in the United States, except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States. Investors should not subscribe for or purchase any securities referred to in this announcement except on the basis of information in the prospectus (the "Prospectus") in its final form expected to be published by Coentreprise de Transport d'Eléctricité in due course in connection with the proposed Bond issue referred to herein. A copy of the Prospectus will, following its publication, be available for inspection from www.ctelectricite.com/en.
Contact details: Tel : + 33 (0)1 40 42 40 09
| About Coentreprise de Transport d'Electricité Coentreprise de Transport d'Electricité is a holding company which holds 100% of the share capital of RTE Réseau de Transport d'Electricité. Coentreprise de Transport d'Electricité is held at 50.1% by EDF, 29.9% by Caisse des Dépôts et Consignations, and at 20% by CNP Assurances. RTE Réseau de Transport d'Electricité RTE Réseau de Transport d'Electricité is the operator of the French electrical power transmission network which it also owns, maintains and develops. As such, it principally performs the following three functions:
www.ctelectricite.com/en |
