Ørsted issues EUR green hybrid capital securities
Source: EQS
Ørsted A/S (Orsted)
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN Ørsted A/S (‘Ørsted’) announces its intention to issue a EUR benchmark size of subordinated green hybrid capital securities with first reset date after 5.75 years (NC5.75) and final maturity in 3024. The purpose of the new issue is to refinance Ørsted’s 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, negative 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 Morgan Stanley acts as Joint Bookrunner and Global Coordinator and with Citi, Danske Bank, HSBC, and J.P. Morgan as Joint Bookrunners. For further information, please contact: Global Media Relations Investor Relations About Ørsted AttachmentsNews Source: Ritzau Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. |
ISIN: | DK0060094928 |
Category Code: | IOD |
TIDM: | Orsted |
Sequence No.: | 307538 |
EQS News ID: | 1851207 |
End of Announcement |
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