Practice Areas - Debt Capital Markets Law Firms and Lawyers
| Deal Date: | 04-02-2013 | Practice Area: | Debt Capital Markets |
| Deal Title: | Electricite de France Subordinated Perpetual Bonds | Industry: | Electricity |
| Description: |
Clifford Chance Paris advised the lead managers (HSBC, Citibank, BNP Paribas and the other banks in the syndicate) on the issue by Electricite de France of 2.5 billion euros (in two tranches) and 1.25 billion pounds sterling of hybrid subordinated perpetual bonds.
The bonds are listed on Euronext Paris as from 29 January 2013 and are intended to be accounted for as equity of the issuer under IFRS, and to benefit from 50 per cent. equity credit from the rating agencies.
The Clifford Chance team comprised Cedric Burford (partner), Gemma Doyle and Boris Kreiss.
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| Financial Center: | Paris | Value: | 1000.01-5000.00 |
| Advised Party: | Lead Manager | Law Firm | Clifford Chance |
| Issuer Jurisdiction | France | Listing Jurisdiction | France |
| Classification: |
Corporate Bonds Subordinated Debt |
Lawyer | Cedric Burford |
