Ørsted has secured TWD12 billion (US$394.59 million) through the issuance of green senior bonds, to finance its investments in offshore wind in Taiwan. The bonds will be issued in accordance with Ørsted’s Green Finance Framework.
Ørsted has completed the pricing of new unsecured green senior bonds of nominal TWD 12 billion in total comprising a 7-year TWD4 billion (US$131.53 million) fixed-rate tranche and a 15-year TWD8 billion (US$263.06 million) fixed-rate tranche. Both tranches have settlement on 19 November 2019.
Key details of the TWD 4 billion (US$131.53 million) fixed rates green bond maturing in 2026:
- Maturity date: 19 November 2026
- Coupon (fixed until maturity): 0.92%
- Price: 100% of the nominal amount
- Listing: Taipei Exchange
Key details of the TWD8 billion (US$263.06 million) fixed rates green bond maturing in 2034:
- Maturity date: 19 November 2034
- Coupon (fixed until maturity): 1.50%
- Price: 100% of the nominal amount
- Listing: Taipei Exchange
The information in this announcement does not change Ørsted’s financial guidance for the financial year 2019 or the announced expected investment level for 2019.
Country updates
-
-
November 07, 2019
Boskalis, Hwa Chi to transport and install foundation for Changfang and Xidao wind farm off the coast of Changhua County
Royal Boskalis Westminster N.V. together with Taiwanese partner Hwa Chi Construction Co. Ltd. have been awarded the foundation scope for the Taiwanese Changfang and Xidao offshore wind farm (CFXD OWF)...
Read more -
November 05, 2019
GIG achieves financial close for 376 MW Formosa 2 offshore wind project off the coast of Miaoli County
Macquarie’s Green Investment Group (GIG) has achieved financial close for Taiwan’s Formosa 2 offshore wind farm. Formosa 2 has been jointly developed by Macquarie Capital (75%) and Swanco...
Read more -
October 30, 2019
Siemens Gamesa to install 376 MW Formosa 2 offshore wind project off the coast of Miaoli County
Siemens Gamesa has received a firm order from partners Macquarie’s Green Investment Group and Swancor Renewable Energy for the construction of the 376 MW Formosa 2 offshore wind farm project in...
Read more -
October 28, 2019
CSBC, DEME to construct 1,044 MW Hai Long offshore wind complex in Taiwan Strait
The Hai Long Offshore Wind (OFW) Project signed Balance of Plant (BOP) Preferred Supplier Agreement (PSA) with local company CSBC DEME Wind Engineering (CDWE). The Hai Long Project consists of Northl...
Read more -
October 18, 2019
Final wind turbine installed at Formosa 1 in Taiwan
Formosa 1 has announced the complete installation of all 20 wind turbines for phase 2 of the project. Formosa 1 is the first commercial-scale offshore wind farm in Taiwan and will be able to...
Read more
