Orsted is to issue a €600m green hybrid capital security to refinance existing securities issued in 2015.
The latest issue will have a maturity in 3019 and first call option after eight years, the Danish energy company said.
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Investments undertaken by Orsted in renewable energy projects will be allocated to the new issue in accordance with the company’s green finance framework.
JP Morgan Securities will act as global coordinator and joint lead manager alongside Citigroup Global Markets, Danske Bankand MUFG Securities EMEA on the new issue.
Orsted said the announcement does not change its guidance for the 2019 financial year or the announced expected investment level for 2019.