EDF_REGISTRATION_DOCUMENT_2017

6.

FINANCIAL STATEMENTS Notes to the financial statements

2.5

¥137 BILLION SAMURAI

2.6

UNCONSTITUTIONALITY OF THE 3% CONTRIBUTION ON DIVIDEND DISTRIBUTIONS

BOND ISSUE On 20 January 2017, EDF raised ¥137 billion, i.e. around €1.1 billion, through four senior bond issues on the Japanese market (“Samurai bonds”) with maturities of 10 years and more: ¥107.9 billion bond, with a 10-year maturity and a fixed coupon of 1.088%; ■ ¥19.6 billion green bond, with a 12-year maturity and a fixed coupon of ■ 1.278%; ¥6.4 billion green bond, with a 15-year maturity and a fixed coupon of 1.569%; ■ ¥3.1 billion bond, with a 20-year maturity and a fixed coupon of 1.870%. ■ With the issuance of two green tranches totalling ¥26 billion dedicated to financing its renewable investments, EDF opened the Samurai green bond market, continuing its active contribution to the development of green bonds as financing instruments for the energy transition.

The contribution on dividend distributions introduced in France in 2012, amounting to 3% of the amounts distributed, is a tax on companies that make cash distributions. After legal challenges, the Constitutional Council ruled on 6 October 2017 that this contribution was unconstitutional because it is contrary to the principle of equality before the law and public charges, since it created differences in tax treatment on the sole basis of the origin (and nature) of the profits distributed. EDF filed claims for refunds of €213 million for the years 2013 to 2017, and in 2017 it recognised a tax receivable of €247 million, including €34 million of interest on arrears. At 31 December 2017, EDF had received a partial refund of these claims from the state, totalling €235 million.

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EDF I Reference Document 2017