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The Bond That Really Asks You To Bet on the Future of The Planet

  • Danish company built on North Sea exploration targets wind
  • May issue more green bonds in future as pricing not an issue
A wind turbine operates at Hama Wing in Yokohama, Japan.
Photographer: Kiyoshi Ota/Bloomberg
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Orsted A/S, the Danish company built on oil and gas extraction, will issue its first green bonds as it moves toward completing a transition to renewable energy.

Orsted, which sold its oil division earlier this year, plans to offer a hybrid note due in 3017 (it’s a 1,000-year bond) and a senior unsecured bond maturing in 2029, the company said in a statement Thursday. Both will be so-called green bonds, which means proceeds must be used to fund projects with positive environmental benefits.