Ørsted successfully issues green bonds
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE UNITED STATES), OR TO ANY US PERSON (AS DEFINED IN REGULATIONS UNDER THE U.S. SECURITIES ACT OF 1933), OR IN OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT OR THE TENDER OFFER MEMORANDUM (AS DEFINED BELOW).
Today, Ørsted has secured investor commitment for an aggregate amount of nominal EUR 900 million and GBP 950 million through the issuance of green senior bonds to finance its global build-out of renewable energy and its green growth ambition of reaching approx. 50 GW of installed capacity by 2030.
Ørsted has completed the pricing of the new unsecured green senior bonds of nominal EUR 900 million and GBP 950 million in total, comprising a EUR 900 million fixed-rate tranche with maturity in 2031, a GBP 375 million fixed-rate tranche with maturity in 2034, and a GBP 575 million fixed-rate tranche with maturity in 2042. All bonds are issued as green bonds in accordance with Ørsted’s green finance framework.
Key details of the new EUR 900 million fixed-rate green bond maturing in 2031:
Nominal amount: EUR 900 million
Maturity date: 13 September 2031
Coupon (fixed until maturity): 3.250 %
Price: 99.977 % of the nominal amount
Listing: Luxembourg Stock Exchange
Key details of the new GBP 375 million fixed-rate green bond maturing in 2034:
Nominal amount: GBP 375 million
Maturity date: 13 September 2034
Coupon (fixed until maturity): 5.125 %
Price: 99.738 % of the nominal amount
Listing: Luxembourg Stock Exchange
Key details of the new GBP 575 million fixed-rate green bond maturing in 2042:
Nominal amount: GBP 575 million
Maturity date: 13 September 2042
Coupon (fixed until maturity): 5.375 %
Price: 99.699 % of the nominal amount
Listing: Luxembourg Stock Exchange
The information provided in this announcement does not change Ørsted’s financial outlook for the 2022 financial year or the expected investment level announced for 2022.
For further information, please contact:
Media Relations
Carsten Birkeland Kjær
+45 99 55 77 65
cabkj@orsted.com
Investor Relations
Rasmus Keglberg Hærvig
+45 99 55 90 95
ir@orsted.com
About Ørsted
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Moreover, Ørsted provides energy products to its customers. Ørsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi), and Ørsted aims to deliver a net-positive biodiversity impact from all new renewable energy projects it commissions from 2030 at the latest. Ørsted ranks as the world’s most sustainable energy company in Corporate Knights' 2022 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 7,292 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter.