Ørsted A/S (Orsted)
29.11.2022 09:12:47 CET | Ørsted A/S | Investor News NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE UNITED STATES), OR TO ANY US PERSON (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933), OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. Ørsted A/S (‘Ørsted’) announces its intention to issue EUR 500 million of subordinated green hybrid capital securities with first interest reset date after six years (NC6) and final maturity in 3022. The purpose of the new issue is to refinance the outstanding EUR 349,978,000 of Ørsted’s 6.25 % hybrid capital securities issued in 2013, which is callable at par on the first interest reset date, 26 June 2023, and to proactively manage Ørsted’s hybrid capital portfolio. Today, Ørsted is also inviting holders of these securities to tender their holdings for purchase by Ørsted – see separate company announcement relating to the Tender Offer. Proceeds from the issuance will be allocated to investments into renewable energy projects in accordance with Ørsted’s green finance framework, which has a second opinion with a Dark Green shading from Cicero (https://orsted.com/en/Investors/Debt/Green-Financing). Ørsted is rated Baa1, stable outlook, by Moody’s, BBB+, stable outlook, by Standard & Poor’s, and BBB+, stable outlook, by Fitch. Ørsted’s new green hybrid capital securities are expected to receive the rating of Baa3 by Moody’s, BB+ by Standard and Poor’s, and BBB- by Fitch. On this transaction, BNP Paribas, Deutsche Bank, Morgan Stanley and MUFG will act as Joint Lead Managers. For further information, please contact: Media Relations Investor Relations
AttachmentsNews Source: Ritzau |
ISIN: | DK0060094928 |
Category Code: | IOD |
TIDM: | Orsted |
Sequence No.: | 204525 |
EQS News ID: | 1499865 |
End of Announcement | EQS News Service |
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