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

Oersted A/SAnnouncement

29/11/2022 16:45

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

   29-Nov-2022 / 17:42 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 17:41:48 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 500 million of subordinated
   green hybrid capital securities with final maturity on 8 December 3022 and
   first interest reset date in 2028 (NC6). Settlement date of the new issue
   will be on 8 December 2022.

   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
   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 500 million subordinated green hybrid capital
   securities:

     • Nominal amount: EUR 500 million
     • Maturity date: 8 December 3022
     • Issuer call option: at par from 8 September 2028 to and including 8
       December 2028 and on any coupon payment day thereafter
     • Fixed annual coupon until 8 December 2028: 5.25 %
     • Issue price: 100.00 % of nominal amount
     • Orderbook: 9.8x oversubscribed
     • Listing: Luxembourg Stock Exchange (official list) and the Luxembourg
       Green Exchange Platform (LGX)

   For further information, please contact:

   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. 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  3 orsted.com or follow us on Facebook,
   LinkedIn, Instagram, and Twitter.

       Attachments

     •  4 Ørsted successfully issues EUR green hybrid capital securities.pdf

   News Source: Ritzau

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   ISIN:          DK0060094928
   Category Code: IOD
   TIDM:          Orsted
   Sequence No.:  204941
   EQS News ID:   1501027


    
   End of Announcement EQS News Service

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References

   Visible links
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   2. mailto:ir@orsted.com
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