Rating agency Standard & Poor’s (S&P) on Friday announced that the equity content on Vattenfall’s outstanding hybrid bonds has been restored to “intermediate” (50%) from “minimal” (0%).
Following Vattenfall’s announcement on 10 November 2015 that the company by legally binding deeds has waived a certain call option appearing in the hybrid’s documentation, S&P has revised its assessment of Vattenfall’s hybrid equity content to "intermediate" from "minimal" on its outstanding hybrid capital.
For more information: press releases dated 27 October and 10 November 2015.
Vattenfall discloses this information pursuant to the Swedish Securities Market Act.
For further information, please contact:
Johan Gyllenhoff, Group Treasurer, +46 (0)8 739 6513, email@example.com
Klaus Aurich, Head of Investor relations, +46 (0)8 739 6514, firstname.lastname@example.org
From Vattenfall's Press Office, telephone: +46 8 739 50 10, email@example.com.
Vattenfall is a Swedish owned energy company with operations in Sweden, Germany, the Netherlands, Denmark, UK and Finland. Vattenfall’s vision s to create a strong and diversified European energy portfolio and to be among the leaders in developing an environmentally sustainable energy system.