Lisbon, Nov. 24, 2025 (Lusa) - EDP wants to buy back €1 billion of subordinated debt maturing in 2083, inviting investors holding these instruments to make offers to sell, according to a statement sent to the Portuguese Securities Market Commission (CMVM) on Monday.

At the same time, the energy company is preparing a new bond issue, the proceeds of which will be allocated to "eligible “Green” assets of the EDP Group".

According to the statement, this new series of bonds, the "New EU Green Notes" or "New Notes", "are not guaranteed (“unsecured”), senior to EDP's ordinary shares and other subordinated instruments, and subordinated to its senior debt obligations".

According to the financial news agency Bloomberg, the new bonds will be issued with a 30-year maturity and an interest rate of around 4.875%, and cannot be redeemed before the first seven years of the term (“non-callable”).

In today's press release, the energy company said that the purpose of the debt repurchase offer and the issue of the "New Notes" is to "proactively manage EDP's hybrid instruments, while maintaining the amount of EDP's hybrid instruments that benefit from an “intermediate equity content” rating assigned by credit rating agencies".

EDP also notes that the acquisition of the debt securities is subject, among other factors, to the successful placement of the “New Notes”.

PD/ADB // ADB.

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