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