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Danish energy company Orsted has issued a 1,000-year hybrid bond worth 500 million euros, aimed at financing green energy projects as it moves away from oil and gas. The bond was oversubscribed with orders totaling 2.4 billion euros and features a fixed coupon rate of 2.25%, with the first par call scheduled for November 2024. Additionally, Orsted raised 750 million euros through a 12-year bond maturing in 2029 to refinance a previous bond issued in 2013.
- Author
- Carolina Guedes
- Language
- EN