Ørsted issues green bonds for 1,386 MW offshore wind project in UK
Ørsted has secured nominal GBP900 million (1.14 billion) through the issuance of green senior bonds, to finance its green growth ambition towards 2025 including the investment in the offshore wind farm Hornsea 2 in the United Kingdom with a capacity of 1,386 MW.
Ørsted has completed the pricing of new unsecured green senior bonds of nominal GBP900 million (1.14 billion) in total comprising a GBP350 million (US$444 million) fixed-rate tranche with maturity in 2027, a GBP300 million (US$381 million) fixed rate tranche with maturity in 2033 and a GBP250 million (US$317 million) inflation linked tranche (CPI) with maturity in 2034. All tranches have settlement on 16 May 2019.
Key details of the new GBP350 million (US$444 million) fixed rate green bond maturing in 2027:
- Nominal amount: GBP 350 million
- Maturity date: 17 May 2027
- Coupon (fixed until maturity): 2.125%
- Price: 99.551% of the nominal amount
- Orderbook: more than 3.3x oversubscribed
- Listing: Luxembourg Stock Exchange
Key details of the new GBP300 million (US$US$381 million) fixed rate green bond maturing in 2033:
- Nominal amount: GBP 300 million
- Maturity date: 16 May 2033
- Coupon (fixed until maturity): 2.5%
- Price: 98.563% of the nominal amount
- Orderbook: more than 1.6x oversubscribed
- Listing: Luxembourg Stock Exchange
Key details of the new GBP 250 million (US$317 million) CPI-linked green bond maturing in 2034:
- Nominal amount: GBP 250 million
- Maturity date: 16 May 2034
- Index: U.K. Consumer Price Index (for all items) published by the Office for National Statistics (CPI)
- Coupon: 0.375%
- Price: 99.927% of the nominal amount
- Orderbook: more than 1.2x oversubscribed
- Listing: Luxembourg Stock Exchange
Country updates
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