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Ørsted issues €750m securities for refinancing

RICHARD HEAP

March 6, 2024

Ørsted has issued €750m of green hybrid capital securities to refinance securities that it issued in 2017 and proactively manage its hybrid capital portfolio.

The Danish utility said the securities issued yesterday have a fixed coupon of 5.125% until their first reset date on 14th December 2029 and a final maturity on 14th March 3024. It is using the funds to refinance €500m of 2.25% hybrid capital securities that were issued in 2017.

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