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French state-owned utility company EDF announced that it will be exercising its call option on two of its perps -€282.8mn 5% Perp and £159.6mn 6% Perp – that were issued back in 2014 and 2013 respectively. While the amount issued was €1bn and £1.25bn, the company bought back some of the bonds as part of a tender offer in 2024 and 2025.
The 5% Perp is currently trading at 100.375 while the 6% Perp is trading at 100.215.
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