Ørsted A/S Announces Successful €750 Million Green Hybrid Capital Securities Issue

Ørsted A/S has announced the successful pricing of €750 million in subordinated green hybrid capital securities, with a notable final maturity set for 14 March 3024 and an initial reset date on 14 December 2029. This financial move aims to refinance existing securities and proactively manage the company's hybrid capital portfolio. This issue, which settles on 14 March 2024, carries a fixed coupon rate of 5.125% p.a. until the reset date, with the securities being listed on the Luxembourg Stock Exchange and LGX.

The issuance of these securities is part of Ørsted's strategy to manage its financial structure efficiently while emphasizing its commitment to green energy initiatives. By refinancing its EUR 500 million hybrid capital securities issued in 2017, Ørsted continues to solidify its position in the renewable energy sector. The company has also extended an invitation to holders of the 2017 securities to tender their holdings, demonstrating proactive capital management.