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Apollo Signs Up to $6.1 Billion Bond Deal With EDF to Support UK Investments

BY MT Newswires | CORPORATE | 06/20/25 01:42 PM EDT

01:42 PM EDT, 06/20/2025 (MT Newswires) -- Apollo Global Management (APO) signed an agreement with Electricite de France SA to purchase up to 4.5 billion pounds ($6.1 billion) of bonds through a private placement, helping the utility company finance its UK investments over the next three years, particularly the Hinkley Point C project, EDF said Friday.

The bonds will be issued under EDF's euro medium term note program in three tranches, each with a maximum maturity of 12 years. The first tranche, totaling 1.5 billion pounds, is set to be issued on Thursday.

EDF said it retains the option to issue the remaining tranches in 2026 and 2027.

Price: 135.34, Change: +2.25, Percent Change: +1.69

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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