Dong Energy Issues GBP 750 Million Bond (Denmark)

January 6, 2012

DONG Energy A/S has successfully issued a GBP 750 million bond with a maturity of 20 years. The issuance was made under the company’s existing debt issuance programme (EMTN programme).

Key details of the transaction:

Size: GBP 750 million

Maturity date: 12 January 2032

Coupon: 4.875 %

Spread over Gilt (UK government bond): 205bp

Listing: London

The issuance gathered significant demand with the order book being several times oversubscribed.

“DONG Energy is very pleased with the positive reception we received for our second bond issue on the Sterling market. The obtained financing goes hand in hand with our increased presence in the UK where we are building offshore wind farms and developing our gas & oil discoveries West of Shetland. In addition, the transaction further strengthens our already strong liquidity position and extends our debt maturity profile” comments Mr. Carsten Krogsgaard Thomsen, Chief Financial Officer at DONG Energy.

DONG Energy A/S is rated A- with a stable outlook by Standard & Poor’s and Baa1 with a stable outlook by Moody’s.

BNP Paribas, Morgan Stanley and Royal Bank of Scotland were acting as Joint Bookrunners for this transaction.

The information provided in this announcement does not change DONG Energy’s previous financial guidance for the 2011 financial year or the announced expected investment level.

[mappress]

Offshore WIND staff, January 06, 2012; Image: mansfieldmonk