Utilities

EDF's equity falls after convertible bond emisson

The utility's announcement on the issuance of convertible bonds puts downward pressure on EDF's stock price on Tuesday.
Photo: Senvion / PR/www.joansullivanphotography.com
Photo: Senvion / PR/www.joansullivanphotography.com
by DANIEL FRANK CHRISTENSEN

French power company Électricité de France, or EDF, issues a batch of bonds on Tuesday worth EUR 2.4 billion that can be converted into new and/or existing equity shares in 2024.

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