Ørsted plans to issue green bonds

Proceeds from green corporate bonds on assets such as offshore wind farm Hornsea 2 will help fund the utility's low-carbon transition ahead of 2025.

Photo: /Ritzau Scanpix/Mads Claus Rasmussen/

BY RITZAU FINANS

Ørsted is planning to issue green senior bonds in the UK to finance its green energy investments up to 2025, the utility informs in a press release.

This includes investment in offshore wind farm Hornsea 2, which will have a total capacity of 1,386 MW.

"The purpose of the transactions is primarily to extend the duration of Ørsted A/S' senior debt maturity profile and if successfully placed to refinance the existing 4.875 percent EUR 500 million hybrid capital securities issued in 2013, which has its first par call date on July 8, 2018," Ørsted writes.

Barclays Bank PLC, Goldman Sachs International, Morgan Stanley & Co. International PLC and NatWest Market PLC are nominated as joint bookrunners for issuing the bonds.

The green bonds' final scope and price will be decided as soon as the book-building process closes, Ørsted informs.

English Edit: Daniel Frank Christensen

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