DONG Energy A/S has today successfully launched a dual tranche EUR 1.0 billion issue spread equally across 7 and 12- year maturities. The issuance was made under the existing DONG Energy A/S European Medium Term Note (EMTN) programme.
Key details of the two tranches:
7 year tranche
12 year tranche
Size
EUR 500m
EUR 500m
Maturity date
16 December 2016
16 December 2021
Coupon
4.000%
4.875%
Issue spread to mid-swap
100bp
130bp
Listing
London
London
Both tranches gathered significant demand with the 7-year and 12-year orderbooks being more than ten times oversubscribed each. “DONG Energy is very pleased with the positive reception the Eurobond market has shown to this transaction. Our company maintains a strong liquidity position and redemptions for 2009 and 2010 are limited. The funds raised will be used to further strengthen our liquidity position and for the investment program” comments Mr. Carsten Krogsgaard Thomsen, Chief Financial Officer at DONG Energy.
DONG Energy A/S is rated A- with a stable outlook by Standard & Poor's and Baa1 with a stable outlook by Moody's. BNP Paribas, Danske Bank, Morgan Stanley and RBS acted as joint bookrunners for this transaction. The information provided in this company announcement will not change the previous financial guidance for the financial year 2009 or the expected investment level.
For further information, contact:
Media Relations
Andreas Krog
+45 9955 2023
Investor Relations
Morten Hultberg Buchgreitz
+45 9955 9750
Attachments:
dong energy has issued a dual-tranche eur 1.0 billion eurobond.pdf