By William Gullotti
Buffalo, N.Y., June 7 – Orsted A/S priced a benchmark €1.35 billion offering of green bonds, according to a listing notice on Tuesday.
The bonds consist of a €600 million six-year tranche with a 2.25% coupon and a €750 million 11-year tranche with a 2.875% coupon.
The six-year tranche priced at 99.562 and the 11-year tranche at 99.925.
The bonds will be issued by Orsted Wind Power TW Holding A/S under its green finance framework and guaranteed by Orsted.
Bookrunners were J.P. Morgan AG, Danske Bank, Natwest Markets and SEB.
Proceeds will be used by the issuer to finance its global build-out of renewable energy.
The bonds will be on the Luxembourg Stock Exchange.
Orsted is a Fredericia, Denmark, operator of offshore wind farms, bioenergy plants and innovative waste-to-energy solutions.
| Issuer: | Orsted Wind Power TW Holding A/S
|
| Guarantor: | Orsted A/S
|
| Amount: | €1.35 billion
|
| Issue: | Green senior bonds
|
| Bookrunners: | J.P. Morgan AG, Danske Bank, Natwest Markets and SEB
|
| Pricing date: | June 7
|
|
|
| Six-year bonds
|
| Amount: | €600 million
|
| Maturity: | June 14, 2028
|
| Coupon: | 2.25%
|
| Price: | 99.562
|
| Yield: | 2.329%
|
| Spread: | Mid-swaps plus 57 bps
|
|
|
| 11-year bonds
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| Amount: | €750 million
|
| Maturity: | June 14, 2033
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| Coupon: | 2.875%
|
| Price: | 99.925
|
| Yield: | 2.883%
|
| Spread: | Mid-swaps plus 85 bps
|
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