To strengthen the capital structure and to further secure the capital structure
targets DONG Energy A/S announces its intention to issue, subject to market
conditions, new callable subordinated capital securities due 3010.
At the same time DONG Energy hereby announces an invitation to all holders of
its outstanding EUR 1.1bn callable subordinated capital securities due 3005
(ISIN: XS0223249003) to tender their existing bonds for repurchase for cash, at
a price to be determined in accordance with the terms and conditions of the
related Tender Offer Memorandum. The invitation is expected to be open to all
holders of the securities from Tuesday, 16 November 2010 at the latest.
The tender offer will be subject to the successful completion of the issue of
the new notes. The issue of new notes referred to above is intended to be at
least benchmark size, but subject to the requested tendered amount the new
issue can be increased up to a principal amount of EUR 1.6bn in the aggregate.
Prospectus for the new issue will be filed with CSSF (the financial supervisory
authority of Luxembourg) for approval.
The related Tender Offer Memorandum and Launch Announcement Tender Offer can be
obtained via the following link:
The information provided in this announcement does not change the previous
financial guidance for the 2010 financial year or the announced expected
For further information, contact:
Morten Hultberg Buchgreitz
+45 9955 9750
+45 9955 9560
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