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Ørsted plans to issue up to TWD 12bn in Taiwanese green bonds

Offshore wind park. Image by: Ørsted A/S.

November 5 (Renewables Now) - Ørsted A/S (CPH:ORSTED) plans to issue its first green senior bonds in Taiwanese dollars for a total amount of up to TWD 12 billion (USD 395m/EUR 355m) in order to support its investments in the local offshore wind industry.

Through Ørsted Wind Power TW Holding A/S, the Danish energy major intends to issue two tranches of green senior unsecured bonds with maturities of 7 and 15 years. Their final size will be determined after the closing of the book-building process.

The issuing entity has secured a twAA rating from Taiwan Rating, a unit of Standard & Poor’s, that covers its operations in Taiwan.

Ørsted said it has chosen BNP Paribas and Bank of Taiwan to serve as mandated lead arrangers. Deutsche Bank and CTBC will also act as arrangers on the transaction.

(TWD 10 = USD 0.329/EUR 0.296)

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