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ceekay74

We restate our BUY recommendation for all three issues after DONG's announcement today that its 25.1% stake of Stadtwerke Lübeck has been sold to STAWAG (Stadtwerke Aachen). DONG has on several occasions confirmed that this stake has been put up for sale. DONG receives a price of DKK 315m for the stake and the transaction yields a profit in relation to the book value of DKK 176m.

 

Jyske Company Update 12 July 2013.pdf

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je-pla

Blöde Frage warum machen die sowas, hätten doch einfach so callen können und gut?

 

Den guten Ruf lassen die sich einiges kosten:

"We are dissatisfied with the recent decisions by S&P, and do not believe the costs inflicted on DONG Energy and our investors by these decisions are justified in the situation at hand. With the exchange and tender offer and the decision to partly compensate our investors, we have strived to find a balance between DONG Energy’s formal rights under the terms and conditions of the instrument, and the interest of our investors. Maintaining good investor relations is of utmost importance to DONG Energy", says Carsten Krogsgaard Thomsen, CFO of DONG Energy.

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Stift
· bearbeitet von Stift

200813kommentarK-UK.pdf

 

Jyske Bank bleibt also Dong treu:

 

We restate our BUY recommendation for DONG’s three hybrid issues following the release of quarterly results showing that DONG continues its development in the right direction.

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ceekay74

Published: 2013-09-10 12:25:31 CEST

 

REDEMPTION NOTICE TO THE REMAINING HOLDERS OF €700,000,000 7.75 PER CENT. CALLABLE SUBORDINATED CAPITAL SECURITIES DUE 3010 AND NOTICE TO THE HOLDERS OF £500,000,000 5.75 PER CENT. SECURITIES DUE 2040

 

DONG Energy A/S ("DONG Energy") hereby gives irrevocable notice to the remaining holders of its €700,000,000 7.75 per cent. Callable Subordinated Capital Securities due 3010 (ISIN: XS0560190901) (the "Capital Securities") of the redemption of all of the aggregate principal amount of the Capital Securities following the occurrence of a Ratings Event pursuant to Condition 6(e) of the Capital Securities.

 

The outstanding Capital Securities will be redeemed on 15 October 2013 (the "Redemption Date") at the Early Redemption Amount (being 101 per cent. of the principal amount thereof), together with accrued but unpaid interest from (and including) 1 June 2013 to (but excluding) the Redemption Date.

 

Accordingly, the listing of the Capital Securities on the Official List of the Luxembourg Stock Exchange and the admission of the Capital Securities to trading on the Luxembourg Stock Exchange’s regulated market will be cancelled with effect from the Redemption Date.

 

Furthermore, DONG Energy hereby gives notice to the Referenced Debt Holders (being the holders of £500,000,000 5.75 per cent. Securities due 2040 issued by DONG Energy) that the Replacement Capital Covenant (the "RCC") contained in a deed poll dated 24 January 2011 (the "Deed Poll") will be terminated following the redemption of the Capital Securities. The termination of the RCC will be made in accordance with Clause 4.1(a) of the Deed Pool.

 

The Deed Poll will be available for Referenced Debt Holders at the Trustee (Citicorp Trustee Company Limited).

 

Capitalised terms used herein have the meanings given to them in the terms and conditions of the Capital Securities and the Deed Poll, respectively.

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Rider
· bearbeitet von Rider

Der Altbond ist heute noch zu 107 gehandelt worden. Und auch die letzten Wochen öfters zu > 104. Dabei war der Call doch schon lange angekündigt. w00t.gif

 

Nachtrag: in Frankfurt und bei Tradegate kann man die Bonds immer noch zu 103,25 abladen.

Verstehe das, wer will... huh.gif

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Rider

Also ich kapier's nicht: jetzt steht der Altbond zu 104 im Bid mit 50K.

w00t.gif

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ceekay74

02.10.2013

 

Goldman Sachs, ATP and PFA to invest DKK 11 billion in DONG Energy A/S - final agreement expected to be concluded before the end of 2013

 

 

The Danish State represented by the Ministry of Finance and DONG Energy A/S have reached an understanding with funds managed by the Merchant Banking Division of Goldman Sachs (Goldman Sachs) and the Danish pension funds Arbejdsmarkedets Tillægspension (ATP) and PFA Pension Forsikringsaktieselskab (PFA) on the main terms whereby Goldman Sachs, ATP and PFA will invest a total of DKK 11 billion in DONG Energy A/S by subscribing for new shares.

 

Goldman Sachs will subscribe for new shares for DKK 8 billion, ATP for DKK 2.2 billion and PFA for DKK 0.8 billion. The subscription of new shares will be based on a valuation of DONG Energy A/S of DKK 31.5 billion prior to the capital increase. Goldman Sachs and ATP will be represented on the Board of Directors.

 

The capital increase is part of DONG Energy's financial action plan announced in February 2013 which included an injection of additional equity of at least DKK 6-8 billion.

 

(...)

 

[/Quote]

131002_Company Announcement_Goldman Sachs ATP and PFA to invest in DONG Energy.pdf

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Stift
· bearbeitet von Stift

Pech - Mein Post war 3 Minuten zu spät.

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Latscher

Pech - Mein Post war 3 Minuten zu spät.

 

Der Bond reagiert ja prächtig !!!

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ceekay74
· bearbeitet von ceekay74

Der Bond reagiert ja prächtig !!!

Wenn man ihn denn im Depot hat und nicht wie ich auf kommende Kaufkurse gelauert hat... :(

 

DONG Energy (BUY): New shareholders

 

04.10.2013

 

We maintain our BUY recommendation for DONG’s issues following the news about an upcoming capital increase of DKK 11bn. We expect that the continued improvement of the profitability will support a further narrowing of the spread.

[/Quote]

 

 

Rating not likely to be changed in near future

 

We do not expect the news about the capital increase to result in a change of the company’s rating, which is Baa1 with Moody’s and BBB+ with S&P and Fitch. Moody’s has a ‘Stable outlook’ while both S&P and Fitch have a negative outlook.

[/Quote]

 

Jyske - New Shareholders.pdf

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Stift
· bearbeitet von Stift

Nur der vollständigkeithalber

 

Jyske Bank zu Dong

 

Heute gibt es Zahlen...

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Stift

DONG Energy A/S

Quarterly report

 

Interim financial report - 9M 2013 - DONG Energy revises 2013 outlook upward

The Board of Directors of DONG Energy has today approved the interim financial report for the first nine months of 2013 with the following financial highlights compared with the first nine months of 2012:

 

  • EBITDA for the first nine months of 2013 was DKK 11.2 billion compared with DKK 6.6 billion for the first nine months of 2012. The increase compared with the same period last year was due partly to the fact that 2012 was adversely impacted by provisions for onerous contracts, and partly to increased earnings from the wind activities and lower costs in 2013
  • Profit after tax was DKK 0.1 billion, up DKK 2.5 billion on the first nine months of 2012, driven by the higher EBITDA. Gain (loss) on disposal of enterprises and impairment losses depressed profit for the first nine months of 2013 by DKK 0.4 billion net after tax compared with a gain of DKK 0.1 billion in the same period in 2012. An impairment loss of DKK 0.4 billion after tax was recognised on the Oselvar and Ula oil/gas fields in the third quarter of 2013
  • Operating cash inflow increased to DKK 6.5 billion from DKK 5.3 billion in the first nine months of 2012, primarily reflecting the higher EBITDA
  • Net investments decreased by DKK 3.9 billion in the first nine months of 2013, to DKK 7.0 billion, driven by the divestments made. Gross investments totalled DKK 16.6 billion and related primarily to the development of wind activities and gas and oil fields, while divestments related to the Swedish hydro power company Kraftgården (DKK 3.3 billion), the Polish onshore wind business (DKK 1.8 billion), the Norwegian gas-fired power station Mongstad (DKK 1.8 billion) and the London Array transmission assets (DKK 2.0 billion)
  • Interest-bearing net debt decreased by DKK 2.1 billion from the end of 2012 to DKK 29.9 billion

 

Upward revision of 2013 earnings outlook

The outlook for EBITDA, net investments and capital structure is as follows:

 

  • Business performance EBITDA for 2013 is expected to be DKK 13.5-14.5 billion, an upward revision of DKK 0.5 billion compared with the outlook in the company announcement issued on 6 June 2013 relating to an increase in DONG Energy’s interest in the Ormen Lange gas field. The reason for the upward revision is that the financial performance for the first nine months of the year was better than previously expected
  • Net investments for 2013-2014 are expected to be in the region of DKK 30 billion (unchanged)
  • The long-term objective that adjusted net debt must not exceed 2.5 times EBITDA is now expected to be achieved already by the end of 2013, provided the expected DKK 11 billion injection of new equity is completed this year (company announcement issued on 2 October 2013). It was previously expected that the objective would be achieved by the end of 2014.

CEO Henrik Poulsen:

“The results for the first nine months of the year highlight the fact that DONG Energy’s performance and financial strength are on the right track. Earnings (EBITDA) are rising significantly, while debt is falling, ensuring a considerable improvement in the Group’s financial key ratios.

 

In recent months, all four business units have thus been performing better than previously expected, providing the basis for an upward revision of our full-year EBITDA outlook by DKK 0.5 billion to DKK 13.5-14.5 billion.

 

At the same time, the Group is developing positively in accordance with the 2020 strategy announced earlier this year. The strategic focus on maintaining and developing DONG Energy’s global leadership position in offshore wind has led to a doubling of earnings from Wind Power in 2013, driven by the completion of the two large wind farms London Array and Anholt. A further three wind farms are under construction, two in the UK and one in Germany, and these are expected to be completed in the course of 2014 and 2015. Overall, the development in Wind Power is highly satisfactory.

 

Despite production problems in the second and third quarters we expect to close the full year with increased oil and gas production in E&P driven by DONG Energy’s increased stake in Ormen Lange. This will contribute to E&P yet again making a substantial contribution to the Group’s overall earnings. E&P also has a strong focus on the repair work to the Siri platform and the development of the two large projects Laggan-Tormore (UK) and Hejre (DK). Unfortunately, the third quarter also featured an impairment loss of DKK 0.4 billion after tax on the Norwegian fields Oselvar and Ula. The production wells and production characteristics on Oselvar have not been developing in line with expectations, resulting in a reduction of the reserve estimate.

 

The newly merged unit, Customers & Markets, is also developing according to plan. For example, good headway is being made in terms of strengthening the development in the Markets division which suffered a considerable loss in 2012. It is still expected that last year’s loss will be turned around to break-even in 2013.

 

Thermal Power is focusing on improving production efficiency at the thermal power stations while at the same time converting an increasingly larger proportion of production from fossil fuels to sustainable biomass. This business unit is making a sound contribution to the Group’s EBITDA again in 2013 despite the difficult market conditions.

 

The implementation of the financial action plan announced in February 2013 is still proceeding according to plan. Divestments or agreements on divestment of non-core assets totalling DKK 9.3 billion have been made compared with the objective of DKK 10 billion in total for 2013-2014, and we are still working on a couple of potential divestments. Cost reductions in the region of DKK 1.1 billion have been made compared with 2012, underpinning our expectation of achieving the announced target of DKK 1.2 billion. Lastly, on 2 October, we were in a position to announce that the main terms of a DKK 11 billion equity injection from three new investors, Goldman Sachs, ATP and PFA, were in place. The final agreement is expected to be signed by the end of the year.

 

One of the Group’s top priorities is safety. We focus strongly on ensuring that management, employees and suppliers jointly contribute to a safe working environment. However, on this point, we did not see the desired improvement in 2013. The injury frequency was 3.8 after the third quarter compared with 3.3 in 2012 and a target of 3.2 for 2013. We must therefore further intensify our efforts to improve safety through a variety of action areas.

 

DONG Energy’s satisfactory financial development is due solely to the expertise and commitment contributed by the Group’s 6,500 employees every single day.”

 

 

Teleconference

In connection with the presentation of the interim financial report a conference call for investors and analysts will be held on Wednesday 23 October 2013 at 11.00am CET:

Denmark: +45 3272 8018

International: +44 145 255 5131

 

The conference call can be followed live at the following address: http://www.dongenergy.com/conferencecall

 

Presentation slides will be available prior to the conference call at the following address:

http://www.dongenergy.com/presentations

 

The interim financial report can be downloaded at:

http://www.dongenergy.com/en/investor/reports/pages/interimreports.aspx

 

 

 

 

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Stift

Jyske Bank sieht keine Überraschungen: 231013førstekommentarK-UK.pdf

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Stift
· bearbeitet von Stift
Financial Calendar 2014

 

DONG Energy has planned the following release dates for the financial reports and the Annual General Meeting:

 

5 February 2014: Annual Report 2013

 

12 March 2014: Annual General meeting

 

1 May 2014: Interim report for the first quarter of 2014

 

27 August 2014: Interim report for the first half-year of 2014

 

31 October 2014: Interim report for the first nine months of 2014

 

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Stift

DONG Energy A/S

Company Announcement

 

DONG Energy divests 50 per cent of its share in London Array 1 offshore wind farm to Caisse de dépôt et placement du Québec

DONG Energy has today signed an agreement to sell half of its 50 per cent share in the 630 MW offshore wind farm London Array 1 to La Caisse de dépôt et placement du Québec (La Caisse), for a total sum of GBP 644 million (approx. DKK 5,800 million).

 

With this partnership divestment DONG Energy delivers on the fifth and final point in its financial action plan presented in February 2013 securing the foundation for the future growth in DONG Energy.

 

At completion of the transaction, La Caisse will enter the existing joint venture with a 25 per cent ownership share alongside DONG Energy (25 per cent), E.ON (30 per cent) and Masdar (20 per cent). DONG Energy will remain the service provider of O&M services to London Array.

 

Samuel Leupold, Executive Vice President of DONG Energy Wind Power says:

 

“We are delighted to have entered into an agreement with such a credible financial investor as La Caisse. I’m certain that they will become a valuable partner in this prestigious project.”

 

“Farm down of our ownership shares in wind projects is a central part of our business model and our strategy is to continuously enter into partnership agreements with industrial and financial partners to extract part of the value creation from our projects, share the risk in our portfolio and attract capital to be able to continue to invest in new offshore wind farms. We look forward to continuing the collaboration with the partners behind the consortium of London Array, now including La Caisse.”

 

Macky Tall, Senior Vice-President, Infrastructure, at La Caisse says:

 

“This is an opportunity for us to invest, alongside established partners, in a quality asset in a growth-driven sector. We are investing in this project with a long-term horizon and expect to generate attractive returns for many years ahead. We have had excellent dialogue with the company over the last several months and are delighted to announce this agreement today.”

 

DONG Energy and La Caisse have also agreed a long-term transfer agreement for the power production and green certificates arising from La Caisse’s share of London Array 1.

 

The transaction is subject to a number of customary conditions for a transaction of this nature, including transfer of project rights and operational performance of the wind park and approval by relevant authorities. The transaction is expected to be completed in the first half of 2014.

 

When the transaction is completed, DONG Energy will have a total ownership share of 25 per cent, representing 157,5 MW.

 

The information provided in this announcement does not change DONG Energy’s previous financial guidance for the 2013 financial year or the announced expected investment level for 2013-2014.

 

 

 

DONG Energy

DONG Energy is one of the leading energy groups in Northern Europe. Our business is based on procuring, producing, distributing and trading in energy and related products in Northern Europe. DONG Energy has approximately 6,500 employees and is headquartered in Denmark. The Group generated DKK 67 billion (EUR 9.0 billion) in revenue in 2012. For further information, see www.dongenergy.com

 

 

 

Caisse de dépôt et placement du Québec

La Caisse de dépôt et placement du Québec is a financial institution that manages funds primarily for public and private pension and insurance plans. As at June 30, 2013, it held $185.9 billion in net assets. As one of Canada’s leading institutional fund managers, La Caisse invests in major financial markets, private equity, infrastructure and real estate globally. For more information: www.lacaisse.com

 

 

London Array offshore wind farm

London Array 1 is the World’s largest offshore wind farm and is located around 20km off the coasts of Kent and Essex on a 245km2 site. It covers an area of 90km2 and includes 175 turbines with a combined capacity of 630MW. Besides DONG Energy and La Caisse the consortium behind London Array 1 includes E.ON with a 30% stake and Masdar with a 20% stake.

 

 

 

For additional information, please contact:

 

 

DONG Energy

Media Relations

Rune Birk Nielsen

+45 9955 6543

 

 

Investor Relations

Allan Bødskov Andersen

+45 9955 9769

 

 

Caisse de dépôt et placement du Québec

Senior Director, Media Relations

Maxime Chagnon

+1 514-847-5493

 

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DONG Energy A/S

Annual report/ annual accounts

 

Announcement of financial results for 2013 - Improved earnings and strengthened capital base

The Board of Directors of DONG Energy has today approved the 2013 annual report.

 

• EBITDA was DKK 15.0 billion in 2013 compared with DKK 8.6 billion in 2012, exceeding the latest EBITDA outlook of DKK 13.5-14.5 billion. The increase on 2012 reflected higher earnings from the wind activities, a higher ownership interest in the Ormen Lange gas field, and cost reductions. Furthermore, EBITDA in 2012 was adversely affected by provisions for onerous contracts.

 

• The result after tax was a loss of DKK 1.0 billion compared with a loss of DKK 4.0 billion in 2012. The improvement reflected the higher EBITDA, although the result was still affected by major impairment losses, which amounted to DKK 5.0 billion in 2013.

 

• Operating cash inflow increased to DKK 9.7 billion from DKK 7.9 billion in 2012. The improvement primarily reflected the improved operating profit.

 

• Gross investments amounted to DKK 21.2 billion and related primarily to offshore wind activities and oil and gas fields. Net investments were DKK 5.9 billion compared with DKK 13.4 billion in 2012.

 

• Divestments totalling DKK 15.3 billion were made in 2013. Divestments included hydro power in Sweden, onshore wind farms in Poland and Denmark and gas-fired power stations in the UK and Norway.

 

• Interest-bearing net debt decreased by DKK 6.2 billion in 2013, to DKK 25.8 billion, and was 2.2 times EBITDA at the end of the year – a marked improvement on 4.0 at the end of 2012.

 

• At the end of 2013, the key rating ratios did not meet Standard & Poor’s and Moody’s criteria for a continued BBB+/Baa1 rating. If the DKK 13 billion equity injection had been completed in 2013, the criteria for the rating ratios would have been met for 2013.

 

• ROCE was 0.5% compared with -7.9% in 2012. Adjusted for impairment losses and provisions for onerous contracts in 2012, ROCE was 6.8% compared with -0.9% in 2012.

 

 

Outlook for 2014

• Business performance EBITDA is expected to be DKK 15-17 billion in 2014.

 

• Net investments for 2014-2015 are expected to be around DKK 30 billion.

 

• Funds from operation (FFO) to adjusted net debt is expected to be around 25% in 2014 on the assumption that the equity injection is completed. The objective is for FFO to be around 30% of adjusted net debt from 2015 onwards.

 

 

CEO Henrik Poulsen:

The development in DONG Energy’s financial statements for 2013 was satisfactory, and thus turned after a challenging 2012. With a 74% improvement in EBITDA, to DKK 15 billion, we have delivered a marked increase in earnings. At the same time, we have accomplished the financial action plan we initiated in February 2013 to restore the financial platform for DONG Energy’s continued growth. With divestments exceeding DKK 15 billion and the DKK 13 billion capital injection in early 2014, our financial platform has been significantly strengthened. At the same time, we have realised cost savings of DKK 1.4 billion and turned around the current earnings from our gas activities from a substantial loss in 2012 to a profit. The return on capital employed was weighed down by impairment losses of DKK 5 billion and therefore was only improved to 0.5%. Adjusted for impairment losses, the return was 6.8%. In the coming years, we will be focusing on profitable growth with a view to delivering a satisfactory return on capital employed.

 

 

Conference call

In connection with the presentation of the annual report a conference call for investors and analysts will be held on Wednesday 5 February 2014 at 11.00am CET:

Denmark: (+45) 3544 5583

International: (+44) 203 194 0544

 

The conference call can be followed live:

http://www.dongenergy.com/conferencecall

 

Presentation slides will be available prior to the conference call:

http://www.dongenergy.com/presentations

 

The annual report can be downloaded at:

http://www.dongenergy.com/annualreport

 

 

Further information

 

Media Relations

Karsten Anker Petersen

+45 9955 9662

 

Investor Relations

Allan Bødskov Andersen

+45 9955 9769

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DONG Energy A/S

Quarterly report

 

Interim financial report for Q1 2014 - A good start to the year

The Board of Directors of DONG Energy A/S today approved the interim financial report for Q1 2014.

 

• EBITDA was DKK 6.3 billion in Q1 2014 compared with DKK 4.6 billion in Q1 2013. The increase relative to the same period last year was due to higher earnings from wind activities, higher production in Exploration & Production, lower costs as well as a gain from the divestment of 50% of DONG Energy's ownership interest in the UK offshore wind farm London Array. The positive trends were partly offset by decreasing earnings in Thermal Power, due to warm and windy weather, and in Customers & Markets, due to lower gas sales and falling gas prices

 

• Net profit was DKK 1.6 billion, up DKK 1.1 billion on Q1 2013, primarily reflecting the higher EBITDA

 

• Cash flows from operating activities increased to DKK 4.5 billion from DKK 2.2 billion in Q1 2013, mainly driven by the improved operating profit

 

• Gross investments totalled DKK 3.8 billion, mainly related to offshore wind activities and oil and gas fields

 

• Divestments amounted to DKK 6.2 billion in Q1 2014, primarily relating to the ownership interest in London Array

 

• Interest-bearing net debt decreased by DKK 19.4 billion from the end of 2013 to DKK 6.4 billion at the end of March 2014. The equity increase and divestments contributed DKK 18.9 billion

 

• The capital structure ratio funds from operation (FFO) relative to adjusted net debt (rolling 12 months) was 44% at the end of Q1 2014 compared with 23% for the 2013 calendar year. The improvement was due to higher EBITDA and the low net debt at the end of March 2014. Net debt will, however, rise again, along with the continued investments in offshore wind farms and oil and gas fields, resulting in a normalisation of the key ratio

 

• ROCE (rolling 12 months) was 2.0% compared with -6.7% at the end of Q1 2013. Adjusted for impairment losses and for provisions for onerous contracts, ROCE would have been 7.8% and 0.7%, respectively, in the two periods.

 

 

2014 outlook

The outlook in the 2013 annual report is reaffirmed:

 

• Business performance EBITDA for 2014 is expected to amount to DKK 15-17 billion

 

• Net investments of around DKK 30 billion are expected for the period 2014-2015

 

• Funds from operation (FFO) relative to adjusted net debt are expected to be around 25% in 2014.

 

 

CEO Henrik Poulsen:

 

"The implementation of our strategy is proceeding according to plan. In Q1, we completed our financial action plan, which has raised a total of DKK 33 billion through divestments and injection of additional equity. This contributed to a significant reduction of our debt and has created the foundation for our ability to continue our growth investments and the development of DONG Energy's strong market positions in North West Europe. Earnings were further strengthened by a DKK 1.7 billion increase in EBITDA relative to Q1 2013. The improvement was driven by a higher output in E&P and Wind Power, lower costs and a gain on the partial divestment of the London Array offshore wind farm. It is particularly gratifying to see the major progress in Wind Power, where we are currently developing our global leading position within the development, construction and operation of offshore wind farms. The positive trends were partly offset by a decrease in earnings in Thermal Power and Customers & Markets, not least driven by warm weather in Q1."

 

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vanity
Zitat

DONG Energy has become Ørsted

 

Zitat

We have issued green bonds

 

Ob dieser dieser (WKN A19SNJ) dazuzählt? Jedenfalls ist er neu, hybrid und der alten Dongtradition folgend 1000-jährig. Modern hingegen ist die Stückelung: 100k, was aber angesichts

 

Zitat

Kupon: 2,25% bis zum 24.11.2024, danach 5 Jahres EUR Swapsatz +189,9 Basispunkte. Zinsanpassung immer jährlich zum 24. November. Anleihe kündbar zum 24.11.2024 zu 100,00%, danach jährlich zum 24. November zu 100,00%.

 

auch egal ist (Bondboard errechnet bei Kurs über pari daraus eine Rendite von 3,x% auf Call 2024, vermutlich sich der Renditerechner beim Ø verschluckt). Der Vorgängerhybrid mit RLZ von knapp 996 Jahren rentiert auf Call 2023 bei 2%. Ob den noch jemand im Depot hat? (Stift?)

 

Nachtrag, nachdem ich aus Nostalgie ein bisschen im Thread rumgeblättert habe: 2018 kann die A1HMDE (500 Mio - identisch mit jetzigem Emissionsvolumen) gecallt werden und die bekanntere A1HL4H (700 Mio) hat ab 2018 eine Make-Whole-Klausel (@75 über Bund 23, macht dann so um 50 Bp, also nicht kritisch).

 

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Andreas R.
vor 3 Stunden schrieb vanity:

Der Vorgängerhybrid mit RLZ von knapp 996 Jahren rentiert auf Call 2023 bei 2%. Ob den noch jemand im Depot hat? (Stift?)

 

Jup. Tagesgeldersatz. :wub:

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bondholder
vor 2 Stunden schrieb Andreas R.:

 

Jup. Tagesgeldersatz. :wub:

Er hat Jehova gesagt!

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Stift
vor 19 Stunden schrieb vanity:

auch egal ist (Bondboard errechnet bei Kurs über pari daraus eine Rendite von 3,x% auf Call 2024, vermutlich sich der Renditerechner beim Ø verschluckt). Der Vorgängerhybrid mit RLZ von knapp 996 Jahren rentiert auf Call 2023 bei 2%. Ob den noch jemand im Depot hat? (Stift?)

Nee, weißt schon: langfristiges Halten ist nicht mein Ding.

Das kann ich nur bei Verlustpositionen :unsure:

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WOVA1

Orsted bietet für die XS0943370543 ( 6,25 % Hybrid) einen Tender an - Rückkauf zu 102 %  .  Bis zum 5.12.2022.

Da man gerade einen Green-Hybrid-Bond über 500 Mio Eur plaziert hat, dürfte die Anleihe wohl dann im Juni 2023 gecallt werden.

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Andreas R.

Hab den Prospekt nicht zur Hand, aber wer den Bond hat, sollte sich die Clean-Up-Call-Regelungen anschauen.

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ceekay74
vor 12 Stunden von Andreas R.:

Hab den Prospekt nicht zur Hand, aber wer den Bond hat, sollte sich die Clean-Up-Call-Regelungen anschauen.

Laut Tender Offer jederzeit mit 30-60 Tage Frist zu 101 bei unter 10% ausstehendem Nennbetrag.

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