By Marisa Wong
Los Angeles, Nov. 5 – Orsted A/S said it has raised NT$12 billion from the issuance of green senior bonds to finance its investments in offshore wind in Taiwan.
The bonds consist of a NT$4 billion seven-year tranche with a 0.92% coupon and a NT$8 billion 15-year tranche with a 1˝% coupon. Both tranches are priced at par.
The bonds will be issued by Orsted Wind Power TW Holding A/S under the company’s euro medium-term note program and backed by a guarantee from Orsted, as previously reported.
This transaction is the first green Taiwan dollar-denominated bonds to be issued by a foreign corporate in Taiwan, according to a press release.
Orsted is a Fredericia, Denmark, operator of offshore wind farms, bioenergy plants and innovative waste-to-energy solutions.
| Issuer: | Orsted Wind Power TW Holding A/S
|
| Guarantor: | Orsted A/S
|
| Issue: | Green senior bonds
|
| Amount: | NT$12 billion
|
| Settlement date: | Nov. 19
|
|
|
| Seven-year bonds
|
| Amount: | NT$4 billion
|
| Maturity: | Nov. 19, 2026
|
| Coupon: | 0.92%
|
| Price: | Par
|
| Yield: | 0.92%
|
|
|
| 15-year bonds
|
| Amount: | NT$8 billion
|
| Maturity: | Nov. 19, 2034
|
| Coupon: | 1˝%
|
| Price: | Par
|
| Yield: | 1˝%
|
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