Ørsted pleases green and CPI investors with £900m bond hit
Ørsted, the Danish energy company formerly known as Dong, which is transitioning from oil and gas to renewable energy, launched a highly successful bond issue on Thursday that was the biggest ever sterling green bond, at £900m, and included the biggest fully syndicated note linked to the consumer price index (CPI).
Barclays, Goldman Sachs, Morgan Stanley and NatWest Markets were bookrunners.“Ørsted is a really interesting company from a green and sustainability perspective,” said David Morrissey, head of UK and Nordic debt capital markets at Morgan Stanley, one of the bookrunners. “It’s a global leader in offshore wind, which ...
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