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Orsted bonds raise €1.25bn

Two green securities will be used to extend and refinance existing debt

Orsted bonds raise €1.25bn image

Danish renewables developer Orsted has issued two green bonds totalling €1.25bn to invest in new and existing offshore wind power projects, the bio conversion, energy efficiency and energy storage.

The bonds are a €500m green hybrid capital security with a maturity in 3017 and a €750m green senior unsecured bond with maturity in 2029. 

Both issues have a settlement date on 24 November 2017, Orsted said.

The €500m bond, which is listed on the Luxembourg Stock Exchange, was five times oversubscribed. The €750m security is listed on the London Stock Exchange and was 2.3 times oversubscribed, Orsted said. 

Orsted is formerly known as Dong Energy.

Image: Orsted

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