Tender offer for hybrid capital securities
Ørsted A/S (‘Ørsted’) hereby invites holders of its:
- Ørsted A/S (‘Ørsted’) hereby invites holders of its:
• EUR 500,000,000 2.25 % hybrid capital securities due in 3017 (the ‘Capital Securities’; ISIN: XS1720192696)
to tender the Capital Securities for purchase by Ørsted on the terms and subject to the conditions set out in the tender offer memorandum dated 5 March 2024 (the ‘Tender Offer Memorandum’) (the ‘Offer’). - The Offer is subject to the successful issuance of the subordinated green hybrid capital securities (‘New Hybrid Issue’) as also announced by Ørsted today.
- Ørsted will pay for Capital Securities accepted by it for purchase pursuant to the Offer a Purchase Price of 98.75 %.
- Together with Ørsted’s New Hybrid Issue, the purpose of the Offer is to refinance the Capital Securities and to proactively manage Ørsted’s hybrid capital portfolio.