Ørsted follows EDF... and so does EDF
Following Electricité de France's successful issue of a €500m hybrid capital bond on Tuesday, Ørsted, the Danish energy group, followed on Wednesday with a €600m hybrid, which is also a green bond. And EDF came back for a 50 year Eurodollar issue.
Ørsted launched the benchmark 1,000 year non-call eight deal with initial price thoughts of 2.375%.
Like EDF, Ørsted also launched a tender offer for an old hybrid, its €600m 3% bond with a first call date in August 2020.Ørsted is stably rated Baa1/BBB+/BBB+ and is ...