DONG Energy A/S has today successfully issued a GBP 500m bond with a maturity
of 30 years. The issuance was made under the company's existing debt issuance
programme (EMTN programme).
Key details of the transaction:
Size: GBP 500m
Maturity date: 9 April 2040
Coupon: 5.75 %
Spread over Gilt (UK government bond): 118bp
Listing: London
The issuance gathered significant demand with the order book being several
times oversubscribed.
“We are very pleased with the positive reception on our debut to the Sterling
bond market. The obtained financing goes hand in hand with our increased
presence in the UK where we are building offshore wind farms, a gas-fired power
plant and are developing our gas & oil discoveries West of Shetland. In
addition, the transaction further diversifies our investor base and strengthens
our already strong liquidity position” 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.
Barclays Capital, Deutsche Bank and SG CIB were acting as joint bookrunners for
this transaction.
The content of this announcement does not alter the previously announced
expectations for DONG Energy's financial result for 2010 or the announced
expected level of investment.
For additional information, please contact:
Media Relations
Ulrik Frøhlke
+45 9955 9560
Investor Relations
Morten Hultberg Buchgreitz
+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 6,000 employees and generated just under DKK 50 billion (EUR
6.6 billion) in revenue in 2009. For further information, see
www.dongenergy.com.