Restored equity content of Vattenfall’s hybrid capital
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. http://corporate.