REG-Ørsted A/S Ørsted issues EUR green hybrid capital securities

Oersted A/SAnnouncement

05/03/2024 08:15

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   Ørsted A/S (Orsted)
   Ørsted issues EUR green hybrid capital securities

   05-March-2024 / 09:04 CET/CEST

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   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

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   Dissemination of a Regulatory Announcement, transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:          DK0060094928
   Category Code: IOD
   TIDM:          Orsted
   Sequence No.:  307538
   EQS News ID:   1851207


    
   End of Announcement EQS News Service

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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


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