Ørsted offers buyback of hybrid bonds and issues new green bonds
Ørsted will issue euro-denominated green hybrid bonds maturing in 100 years. The energy company Ørsted offers buy-back of hybrid bonds.
The offer is aimed at owners of the company’s 500 million 2.25% hybrid bonds maturing in 3017.
Ørsted will pay a purchase price of 98.75% for the bonds accepted for repurchase on the given terms.
The offer expires at 17.00 CET on March 11, 2024.
The result of the offer will be announced ”as soon as practicable” on March 12, 2024, Ørsted writes in an announcement.
At the same time, Ørsted announces that it will issue green hybrid bonds denominated in EUR with maturity in 100 years.
”The purpose of the new issue is to refinance Ørsted’s 500 million euro 2.25% hybrid bonds issued in 2017, which have a first interest reset date of November 24, 2024, and to proactively manage Ørsted’s hybrid bond portfolio,” Ørsted says.
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