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Ørsted Capital/Financing Update 2012

Sep 10, 2012

3378_iss_2012-09-10_3ca22022-0df9-4256-938d-e867b88d6bf4.pdf

Capital/Financing Update

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Company announcement

DONG Energy successfully issues Eurobond

DONG Energy A/S has today successfully issued a EUR 750 million bond with a maturity of 10 years. The issuance was made under the company's existing debt issuance programme (EMTN programme).

Key details of the transaction:

Size: EUR 750 million Maturity date: 19 September 2022 Coupon: 2.625 % Issue spread to midswap: 88bp Listing: London

The issuance gathered significant demand with the order book well oversubscribed.

"DONG Energy is very pleased with the positive reception we received for this Eurobond. We took advantage of the historically low interest rate environment to secure financing at very attractive levels, and at the same time further strengthening our already strong liquidity position" says Carsten Krogsgaard Thomsen, Chief Financial Officer at DONG Energy.

DONG Energy A/S is rated 'A-' CreditWatch Negative with Standard & Poor's and 'Baa1' stable outlook with Moody's.

Barclays, Danske Bank, JP Morgan and Nordea were acting as joint bookrunners for this transaction.