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Ørsted A/S (Orsted)
Ørsted issues EUR green hybrid capital securities
29-Nov-2022 / 09:12 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 09:12:47 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 EUR 500 million of
subordinated green hybrid capital securities with first interest reset
date after six years (NC6) and final maturity in 3022.
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
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, stable 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, BNP Paribas, Deutsche Bank, Morgan Stanley and MUFG
will act as Joint Lead Managers.
For further information, please contact:
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. 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
• 4 Ørsted issues EUR green hybrid capital securities.pdf
News Source: Ritzau
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ISIN: DK0060094928
Category Code: IOD
TIDM: Orsted
Sequence No.: 204525
EQS News ID: 1499865
End of Announcement EQS News Service
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2. mailto:cabkj@orsted.com
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