...November 27, 2019 - Orsted A/S announced today that it is launching a new hybrid instrument to refinance its 600 million hybrid issued in April 2015 with a first optional redemption date in August 2020. - The company has also launched a tender offer on the above-mentioned hybrid instrument. - The proposed transaction does not impair our view of the permanence of the hybrid layer within Orsted's capital structure, and will be sized so that the company's aggregate outstanding hybrid capital is at least equal to its current level. - We are assigning our '##+' issue rating to the proposed security, which we assess as having intermediate equity content, to reflect its subordination and optional deferability. PARIS (S&P Global Ratings) Nov. 27, 2019--S&P Global Ratings said today that it had assigned its '##+' long-term issue rating to the proposed perpetual, optionally deferrable, and subordinated hybrid capital security to be issued by Orsted A/S (###+/Stable/A-2). The hybrid amount remains...
