Danish energy firm DONG Energy said today it had successfully issued a £750million bond which would aid its UK North Sea oil and gas and wind farm plans.
Chief finance officer Carsten Krogsgaard Thomsen said: “The obtained financing goes hand in hand with our increased presence in the UK where we are building offshore wind farms and developing our gas and oil discoveries west of Shetland.
“In addition, the transaction further strengthens our already strong liquidity position and extends our debt maturity profile.”
The firm said the bond, which will mature in 20 years, was several times over subscribed.
Dong procures, produced, distributes and trades in energy and related products in Northern Europe. Its biggest revenue sources, at 46%, is energy markets, followed by sales and distribution (21%), generation (17%), exploration and production (12%) and renewables (4%).
It employs about 6,000 people and generated £6.1billion revenue in 2010.