Orsted raises €1,350m from green bond issuance

Danish multinational power company Orsted has raised €1,350m through the issuance of green bonds. Part of the debt will mature in 2028, while another component will mature in 2033. For bonds maturing in 2028, the coupon rate is 2.25%, while bonds maturing in 2033 carry a 2.875% rate. According to the statement from the company, proceeds from this issuance will finance a global roll-out of renewable energy capacity. Orsted aims to achieve 50GW of installed renewables capacity by 2030.