Green Bond Fact Sheet
EDP

Date: 17-Oct-2018

Issue date: 12-Oct-2018 Maturity date: 13-Oct-2025 Tenor: 7Issuer Name

EDP

Amount Issued

EUR600m (USD695m)

Country of risk

Portugal

CBI Database

Included

Issuer Type1

Non-FinancialCorporate

Bond Type

Senior unsecured

Green Bond Framework

Link to Framework

Second party opinion

Sustainalytics

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☒ Solar☒ Onshore wind
☒ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy
District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☐ Transport☐ Electric vehicles☐ Low emission
vehicles☐ Bus rapid transit
Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Waste management☐ Recycling☐ Waste prevention☐ Pollution control

Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☐ Land use & agriculture

Afforestation/parks
FSC Forestry
FSC Cellulose &paper☐ OtherAdaptation &resilience☐ Land remediation☐ Energy/water efficiency

ICT☐ Sustainable agriculture☐ Adaptation & resilience

Industry: process

Issue details
Reporting

The issuer will report annually, until full allocation, on the allocation and impact ofthe proceeds. The allocation reporting, including amounts allocated and shares tonew and existing projects, will be verified by a third party. Impact reporting will
include quantitative measures such as installed capacity, annual net renewableenergy produced, and annual CO2 emissions avoided.

Company information

Energias de Portugal Group (EDP) is a multinational energy company
headquartered in Portugal which serves approximately 10 million electricity
customers and 1.2 million natural gas customers.

Firsts, records andcertificationsFirst Portuguese green bond issuer.

Proceeds description

Proceeds will finance the design, development, construction and maintenance of
renewable energy projects including solar photovoltaic, solar concentrated power,
onshore wind and offshore wind.

Climate Bonds view

With this debut benchmark deal, EDF has become the frontrunner in thePortuguese green bond market. We hope to see more Portuguese issuers in thenear future.
BNP Paribas, Caixa, Citi, ICBC, JP Morgan, Mediobanca, MUFG, Millennium BPC
Development Bank

Underwriters
Deal comments1Credit Rating

BBB (Fitch), Baa (Moody’s), BBB- (S&P)

Pricing summary

The issue met strong demand, with the orderbook growing rapidly to peak at morethan €2.1 billion, and EDP’s initial price guidance of 145 basis points (bps) over
mid-swaps eventually declining to 123 bps. (source)

Investors summary

Buyers of the issues were 76% fund managers, 10% insurance and pension funds,
9% banks, and 4% official institutions. 25% were French, 23% from Germany andAustria, 21% from the Benelux, 15% from the UK and Ireland, 7% from Iberia, 3%
from the Nordics, 3% from Italy, 2% from Switzerland, and 3% elsewhere. (source)

Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign