8 hours ago
Apollo Reaches £4.5 Billion Bond Deal for EDF's UK Nuclear Plant
Apollo Global Management Inc. agreed to help Electricite de France SA raise as much as £4.5 billion ($6.1 billion) in private bond placements to fund the construction of the Hinkley Point C nuclear power plant and other investments in the UK.
The bonds will be offered in as many as three tranches, each with a maximum maturity of twelve years, EDF said in statement Friday. The first, for a total of £1.5 billion, will be issued on June 26, while EDF has an option of two other placements in 2026 and 2027.
