By Marisa Wong
Los Angeles, Nov. 4 – Orsted A/S priced NT$15 billion of green senior bonds in three tranches, according to a company announcement. The bonds will be issued through Orsted Wind Power TW Holding A/S and guaranteed by Orsted.
Orsted priced NT$4 billion of 0.6% seven-year bonds, NT$3 billion of 0.7% 10-year bonds and NT$8 billion of 0.98% 20-year bonds. All three tranches priced at par.
BNP Paribas, Cathay United Bank and CTBC Bank are the lead arrangers.
Settlement will be on Nov. 13.
Proceeds from Orsted’s second Taiwan dollar-denominated green bond issue will be used to finance the company’s investments in the Greater Changhua 1 & 2a offshore wind project.
Based in Fredericia, Denmark, Orsted develops, constructs and operates offshore and onshore wind farms, solar farms, energy storage facilities and bioenergy plants.
| Issuer: | Orsted Wind Power TW Holding A/S
|
| Guarantor: | Orsted, A/S
|
| Issue: | Green senior bonds
|
| Amount: | NT$15 billion
|
| Arrangers: | BNP Paribas, Cathay United Bank and CTBC Bank
|
| Announcement date: | Nov. 4
|
| Settlement date: | Nov. 13
|
|
|
| 2027 bonds
|
| Amount: | NT$4 billion
|
| Maturity: | Nov. 13, 2027
|
| Coupon: | 0.6%
|
| Price: | Par
|
| Yield: | 0.6%
|
|
|
| 2030 bonds
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| Amount: | NT$3 billion
|
| Maturity: | Nov. 13, 2030
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| Coupon: | 0.7%
|
| Price: | Par
|
| Yield: | 0.7%
|
|
|
| 2040 bonds
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| Amount: | NT$8 billion
|
| Maturity: | Nov. 13, 2040
|
| Coupon: | 0.98%
|
| Price: | Par
|
| Yield: | 0.98%
|
|
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