Orsted set to redeem all €700 million subordinated securities due 3013

By Mary-Katherine Stinson

Lexington, Ky., May 4 – Orsted A/S plans to redeem all €700 million of its outstanding callable subordinated capital securities due 3013 (ISIN: XS0943370543) on the first par call date of June 26, according to a notice.

Accrued interest will also be paid.

After the redemption, the securities will be canceled and delisted. There will be no securities left outstanding.

The securities were originally issued June 26, 2013.

Orsted is a Fredericia, Denmark, operator of offshore wind farms, bioenergy plants and innovative waste-to-energy solutions.

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