Green Bond Fact Sheet

This fact sheet details a EUR 600 million green bond issued by Energias de Portugal Group (EDP) on October 12, 2018, marking the first green bond issuance in Portugal.

• Energias de Portugal Group (EDP), a multinational energy company based in Portugal serving 10 million electricity and 1.2 million natural gas customers, issued a senior unsecured green bond of EUR 600 million (USD 695 million) on October 12, 2018, with a maturity date of October 13, 2025.
• The proceeds from the bond are designated for the design, development, construction, and maintenance of renewable energy projects, specifically focusing on onshore wind, offshore wind, solar photovoltaic, and solar concentrated power.
• EDP is the first green bond issuer in Portugal. The bond's pricing saw strong demand, with an orderbook peaking at over €2.1 billion, leading the initial price guidance of 145 basis points (bps) over mid-swaps to decline to 123 bps.
• The investor base for the issue was dominated by fund managers (76%), followed by insurance and pension funds (10%), banks (9%), and official institutions (4%). Geographically, the largest groups of investors were from France (25%), Germany and Austria (23%), the Benelux (21%), and the UK and Ireland (15%).
• The issuer committed to annual reporting on the allocation and impact of proceeds until full allocation. Allocation reporting will be verified by a third party, while impact reporting will track annual CO2 emissions avoided, annual net renewable energy produced, and installed capacity.

APA

Climate Bonds Initiative (2018). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2018-10%20PT%20EDP.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2018. https://www.climatebonds.net/files/drupal-files/files/2018-10%20PT%20EDP.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=17 October 2018 |url=https://www.climatebonds.net/files/drupal-files/files/2018-10%20PT%20EDP.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2018green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2018}, month = oct, url = {https://www.climatebonds.net/files/drupal-files/files/2018-10%20PT%20EDP.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }