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

Oersted A/SAnnouncement

05/03/2024 16:15

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

   05-March-2024 / 17:01 CET/CEST

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   5.3.2024 17:01:13 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 750 million of subordinated
   green hybrid capital securities with final maturity on 14 March 3024 and
   first reset date on 14 December 2029 (NC5.75). Settlement date of the new
   issue will be on 14 March 2024.

   The purpose of the new issue is to refinance Ørsted’s EUR 500 million 2.25
   % hybrid capital securities issued in 2017, which is callable at par on
   the first reset date, 24 November 2024, 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 750 million subordinated green hybrid capital
   securities:

   •    Nominal amount: EUR 750 million
   •    Maturity date: 14 March 3024
   •    Issuer call option: at par from 14 September 2029 to and including 14
   December 2029 or on any date in the 90-day period ending on (and
   including) any Interest Payment Date thereafter
   •    Fixed coupon until 14 December 2029: 5.125 % p.a.
   •    Issue price: 99.417 % of nominal amount
   •    Listing: Luxembourg Stock Exchange (official list) and the Luxembourg
   Green Exchange Platform (LGX)

   For further information, please contact:

   Global Media Relations
   Carsten Birkeland Kjær
   +45 99 55 77 65
    1 cabkj@orsted.com   

   Investor Relations
   Rasmus Keglberg Hærvig
   +45 99 55 90 95
    2 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  3 orsted.com or
   follow us on Facebook, LinkedIn, Instagram, and X.

       Attachments

     •  4 Issuance of 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.:  307820
   EQS News ID:   1852057


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:cabkj@orsted.com
   2. mailto:ir@orsted.com
   3. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=c17d04adc46793f4466471ea992e18f7&application_id=1852057&site_id=reuters8&application_name=news
   4. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=687b5a34f26e61d682ee08da56fbd42d&application_id=1852057&site_id=reuters8&application_name=news


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