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Dong Energy To Raise €700M
Dong Energy is raising €700 million in a sale of bonds.
Dong Energyis raising €700 million in a sale of bonds,The Wall Street Journalreports. The Danish energy company’s new bonds will have a 7.75% coupon rate and will be due to mature on June 1, 3010.
The Frederica-based company plans to use the proceeds from sale to refinance existing debt, including hybrid capital and for general corporate purposes.Barclays Capital,Deutsche Bank,摩根大通(JP Morgan Chase)andSociete Generalehave been named as joint-lead managers on the deal.
Click here for the story fromThe Wall Street Journal.