DONG Energy A/S GBP 500m 30-Year Senior FIX
DONG Energy A/S (DONG) is one of the leading energy groups in Northern Europe and benefits from a 74% ownership by the Kingdom of Denmark (Aaa/AAA). The company conducted its bi-annual Credit Investor Updates in March visiting London, Edinburgh, Paris and Frankfurt with a clear focus on visiting "Sterling accounts" which represented a new target investor base. In the absence of any 2010 funding requirements, this inaugural Sterling bond issue allows DONG to lengthen its debt duration at an attractive yield level and also supports the growing activities in the United Kingdom.
