Tuesday 28 April 2009, DONG Energy executed a dual tranche benchmark Eurobond,
spread across the 5 and 10- year maturities.
EUR 500,000,000 4,875%, notes due 7 May 2014
EUR 500,000,000 6,50% notes due 7 May 2019
This is DONG Energy's first issue in the Eurobond market since our market
transaction in 2006. Net proceeds will be used for general corporate purposes.
The transaction gathered significant demand and the notes were fully subscribed
with the total orderbook being approximately 8 times oversubscribed.
“DONG Energy is very pleased with the positive reception the Eurobond market
has shown these two tranches. Our company maintains a strong liquidity and
redemptions for this year are quite limited. The funds raised will be used for
further strengthening of our liquidity position and for the investments
program” comments Mr. Carsten Krogsgaard Thomsen, Chief Financial Officer at
DONG Energy is rated BBB+ with a stable outlook by Standard & Poor's and Baa1
with a stable outlook by Moody's.
Barclays Capital, J.P. Morgan, Nordea Markets and RBS were acting as Joint
Bookrunners for this transaction.
The content of this announcement does not alter the previously announced
expectations for the financial result for 2009 or the announced expected level
For further information, please contact:
Morten Hultberg Buchgreitz, Senior Vice President
Tel: +45 9955 9750
DONG Energy is one of the leading energy groups in Northern Europe. We are
headquartered in Denmark. Our business is based on procuring, producing,
distributing and trading in energy and related products in Northern Europe. We
have approximately 5,500 employees and generated more than DKK 60 billion
(approx. EUR 8.2 billion) in revenue in 2008. For further information, see