DONG Energy contemplates bond issuance
DONG Energy A/S has mandated Barclays, Danske Bank, JP Morgan and Nordea, to arrange a series of European fixed income investor meetings commencing on 20 August. A debt capital markets transaction of benchmark size may follow, subject to market conditions.
“In our ordinary course of business, DONG Energy uses the capital markets to pre-finance ongoing investments and maintaining solid liquidity reserves. In addition, the current environment with low underlying interest rates also provides an opportunity for attractive financing,” says Morten Hultberg Buchgreitz, SVP and Group Treasurer of DONG Energy.
The information provided in this announcement does not change the previous financial guidance for the 2012 financial year or the announced expected investment level.
For further information, contact:
Rune Birk Nielsen
+45 9955 6543
Morten Hultberg Buchgreitz
+45 9955 9750
DONG Energy is one of the leading energy groups in Northern Europe. We are headquartered in Denmark. Our business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe. We have approximately 6,400 employees and generated DKK 57 billion (EUR 7.6 billion) in revenue in 2011. For further information, see www.dongenergy.com.