Ørsted issues EUR green hybrid capital securities
Ørsted A/S (‘Ørsted’) announces its intention to issue a EUR benchmark size of subordinated green hybrid capital securities with first reset date after 5.75 years (NC5.75) and final maturity in 3024.
- Ørsted A/S (‘Ørsted’) announces its intention to issue a EUR benchmark size of subordinated green hybrid capital securities with first reset date after 5.75 years (NC5.75) and final maturity in 3024.
- The purpose of the new issue is to refinance Ørsted’s EUR 500 million 2.25 % EUR hybrid capital securities issued in 2017, with first reset date on 24 November 2024, and to proactively manage Ørsted’s hybrid capital portfolio.
- Today, Ørsted is also inviting holders of these securities to tender their holdings for purchase by Ørsted – see separate company announcement relating to the Tender Offer.
- Ørsted’s new green hybrid capital securities are expected to receive the rating of Baa3 by Moody’s, BB by Standard and Poor’s, and BBB- by Fitch.