Published: 2012-09-10 15:35:49 CEST
Ørsted A/S
Company Announcement

DONG Energy successfully issues Eurobond

DONG Energy A/S has today successfully issued a EUR 750 million bond with a maturity of 10 years. The issuance was made under the company’s existing debt issuance programme (EMTN programme).


Key details of the transaction:

Size: EUR 750 million
Maturity date: 19 September 2022
Coupon: 2.625 %
Issue spread to midswap: 88bp
Listing: London


The issuance gathered significant demand with the order book well oversubscribed.


“DONG Energy is very pleased with the positive reception we received for this Eurobond. We took advantage of the historically low interest rate environment to secure financing at very attractive levels, and at the same time further strengthening our already strong liquidity position” says Carsten Krogsgaard Thomsen, Chief Financial Officer at DONG Energy.


DONG Energy A/S is rated ‘A-‘ CreditWatch Negative with Standard & Poor's and ‘Baa1’ stable outlook with Moody's.


Barclays, Danske Bank, JP Morgan and Nordea were acting as joint bookrunners for this transaction.


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 additional information, please contact:


Media Relations
Helene Aagaard
+45 9955 9330


Investor Relations
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

 


DONG Energy successfully issues Eurobond.pdf