Vattenfall has place a hybrid bond issue of $400million which will be used for general corporate purposes.
The company said the move will be its first ever hybrid bond denominated in US dollars.
The new bonds will be accounted for as interest bearing debt and be subordinated to Vattenfall’s other debt instruments.
The settlement date for the issue is expected to take place next week.
Johan Gyllenhoff, Vattenfall group treasurer, said: “We are pleased with the investor diversification achieved with this transaction together with our hybrid bond issue in March 2015.
“The benefit for Vattenfall to issue hybrid bonds is that it strengthens the company’s financial flexibility as hybrid capital typically is treated partly as equity.”