DJ Ørsted successfully issues EUR green hybrid capital securities
Ørsted A/S (Orsted) Ørsted successfully issues EUR green hybrid capital securities 29-Nov-2022 / 17:42 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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29.11.2022 17:41:48 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.
Today, Ørsted A/S ('Ørsted') has priced EUR 500 million of subordinated green hybrid capital securities with final maturity on 8 December 3022 and first interest reset date in 2028 (NC6). Settlement date of the new issue will be on 8 December 2022.
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 has also invited holders of these securities to tender their holdings for purchase by Ørsted - see separate company announcement relating to the Tender Offer.
Key details of the new EUR 500 million subordinated green hybrid capital securities: . Nominal amount: EUR 500 million . Maturity date: 8 December 3022 . Issuer call option: at par from 8 September 2028 to and including 8 December 2028 and on any couponpayment day thereafter . Fixed annual coupon until 8 December 2028: 5.25 % . Issue price: 100.00 % of nominal amount . Orderbook: 9.8x oversubscribed . Listing: Luxembourg Stock Exchange (official list) and the Luxembourg Green Exchange Platform (LGX) For further information, please contact:
Media Relations Carsten Birkeland Kjær + 45 99 55 77 65 cabkj@orsted.com
Investor Relations Rasmus Keglberg Hærvig + 45 99 55 90 95 ir@orsted.com About Ørsted The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Moreover, Ørsted provides energy products to its customers. Ørsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi), and Ørsted aims to deliver a net-positive biodiversity impact from all new renewable energy projects it commissions from 2030 at the latest. Ørsted ranks as the world's most sustainable energy company in Corporate Knights' 2022 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs approx. 7,700 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter. Attachments . Ørsted successfully issues EUR green hybrid capital securities.pdf News Source: Ritzau
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ISIN: DK0060094928 Category Code: IOD TIDM: Orsted Sequence No.: 204941 EQS News ID: 1501027 End of Announcement EQS News Service =------------------------------------------------------------------------------------
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1501027&application_name=news
(END) Dow Jones Newswires
November 29, 2022 11:42 ET (16:42 GMT)
