Ørsted has selected arranging banks for its second green bond offering in Taiwan
Today, Ørsted announced that it has appointed BNP Paribas, Cathay United Bank and CTBC Bank as Mandate Lead Arranger’s for a potential TWD denominated green bond issuance in Taiwan in Q4 2020.
Leveraging on the successful inaugural two-tranche TWD 12 billion bond issuance in November last year, Ørsted intends to issue new green bonds in Taiwan for the purpose of financing the Greater Changhua 1 and 2a Offshore Wind Farm with expected completion in 2022. The wind farm will have a total installed capacity of 900 MW, enough to power approximately 1 million Taiwanese households with green power.
The bonds will be issued by Ørsted Wind Power TW Holding A/S, the Danish based holding company of Ørsted’s activities in Taiwan, and fully guaranteed by Ørsted A/S.
With years of experience as a green bond issuer, Ørsted is committed to support the development of a strong corporate green bond market in Taiwan to advance the offshore wind industry, which requires significant capital to realize the ambitious offshore wind build-out plan and achieve the energy transition goals of the Taiwanese government.
The information provided in this announcement does not change Ørsted’s previously announced guidance and expected investment level for the 2020 financial year.
Disclaimer
No securities mentioned herein have been, or will be, registered under the U.S. Securities Act, or any state securities laws or other jurisdiction of the United States and no such securities may be offered or sold in or into the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act and any applicable state or local securities laws of the United States. The securities referred to herein will be offered and sold only outside the U.S. in reliance on Regulation S. There is no intention to register any portion of any offering in the United States or to conduct a public offering of securities in the United States or in any other jurisdiction where such an offering is restricted or prohibited or where such offer would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Nothing in this communication shall constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction in which such offer or sale would be unlawful. Any offering of securities will be made by means of one or more offering documents, which will contain detailed information about the Issuer, the Guarantor and their respective management and financial statements. No action has been taken in any jurisdiction that would permit a public offering of the securities to occur in any jurisdiction.
