============
Ørsted A/S (Orsted)
Ørsted issues EUR green hybrid capital securities
05-March-2024 / 09:04 CET/CEST
══════════════════════════════════════════════════════════════════════════
5.3.2024 09:04:00 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 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 EUR 500 million 2.25
% EUR hybrid capital securities issued in 2017, with first reset date on
24 November 2024, 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
( 1 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
Carsten Birkeland Kjær
+45 99 55 77 65
2 cabkj@orsted.com
Investor Relations
Rasmus Keglberg Hærvig
+45 99 55 90 95
3 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. Ørsted is recognised on the CDP Climate
Change A List as a global leader on climate action and was the first
energy company in the world to have its science-based net-zero emissions
target validated by the Science Based Targets initiative (SBTi).
Headquartered in Denmark, Ørsted employs approx. 8,900 people. Ørsted's
shares are listed on Nasdaq Copenhagen (Orsted). In 2023, the group's
revenue was DKK 79.3 billion (EUR 10.6 billion). Visit 4 orsted.com or
follow us on Facebook, LinkedIn, Instagram, and X.
Attachments
• 5 Issues green hybrid capital securities.pdf
News 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 EQS News Service
══════════════════════════════════════════════════════════════════════════
6 fncls.ssp?fn=show_t_gif&application_id=1851207&application_name=news&site_id=reuters9
References
Visible links
1. https://orsted.com/en/Investors/Debt/Green-Financing)
2. mailto:cabkj@orsted.com
3. mailto:ir@orsted.com
4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c17d04adc46793f4466471ea992e18f7&application_id=1851207&site_id=reuters9&application_name=news
5. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=a61e1316e4ac0dab4abaff7316c47c74&application_id=1851207&site_id=reuters9&application_name=news
============