ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
ANNUAL REPORT 2011 - DONG Energy
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<strong>DONG</strong> <strong>Energy</strong> has a diversified loan portfolio, with the international bond<br />
market as the primary source of funding<br />
<strong>DONG</strong> <strong>Energy</strong> is a reputable player in the bond market<br />
and engages in continuous dialogue with bond investors<br />
and bond analysts, for example via quarterly presentations<br />
and roadshows.<br />
Outstanding bonds<br />
Currency<br />
Principal<br />
amount<br />
(million)<br />
Corporate bonds<br />
Coupon<br />
(%) Maturity Listed in<br />
EUR 500 3.500 29 Jun 2012 Luxembourg<br />
EUR 500 4.875 7 May 2014 London<br />
EUR 500 4.000 16 Dec 2016 London<br />
EUR 500 6.500 7 May 2019 London<br />
EUR 500 4.875 16 Dec 2021 London<br />
GBP 1 750 4.875 12 Jan 2032 London<br />
GBP 500 5.750 9 Apr 2040 London<br />
Hybrid bonds<br />
EUR 600 5.500 Year 3005 Luxembourg<br />
EUR 700 7.750 Year 3010 Luxembourg<br />
1 Issued in January 2012.<br />
Significant financing activities in <strong>2011</strong><br />
Date Activity<br />
24 Jan Issuing of hybrid bonds and concurrent partial<br />
repurchase of previously issued hybrid bonds<br />
17 Aug Establishment of new EUR 1,300 million credit<br />
facility<br />
20 Sep Raising of loan from the Nordic Investment Bank<br />
(EUR 240 million)<br />
Financial calendar 2012<br />
Date Activity<br />
9 Mar Annual report <strong>2011</strong><br />
18 Apr Annual General Meeting<br />
11 May Interim nancial report – Q1 2012<br />
10 Aug Interim nancial report – H1 2012<br />
1 Nov Interim nancial report – 9M 2012<br />
Spread (credit margin) compared with swap rate<br />
for selected bonds<br />
Bond maturity 2021 Bond maturity 2016<br />
Bond maturity 2014<br />
Basis points<br />
160<br />
140<br />
120<br />
100<br />
80<br />
60<br />
40<br />
20<br />
0<br />
2010<br />
<strong>2011</strong><br />
Rating<br />
Standard & Poor's Moody's<br />
Company rating A- Baa1<br />
Ordinary bonds A- Baa1<br />
Hybrid bonds BBB og BB+ Baa3<br />
Outlook Stable Stable<br />
Latest rating report Dec <strong>2011</strong> Jan 2012<br />
Contact<br />
Investor Relations: Morten H. Buchgreitz<br />
E-mail: investorrelations@dongenergy.com<br />
Telephone: +45 99 55 97 50<br />
www.dongenergy.com/en/investor<br />
<strong>DONG</strong> ENERGY <strong>DONG</strong> ENERGY GROUP <strong>ANNUAL</strong> <strong>REPORT</strong> <strong>2011</strong> – manaGEmEnt’s rEviEw 43<br />
dong eneRgy AND THE CAPITAL MARKET<br />
Label er<br />
Teksten<br />
imellem<br />
Obligation<br />
Obligation<br />
Obligation
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