CEN
24/08/2015 09:27
GENERAL
PRICE SENSITIVE
REL: 0927 HRS Contact Energy Limited
GENERAL: CEN: Contact Energy launches public Bond Offer
24 August 2015
Contact Energy launches public Bond Offer
Contact Energy Limited (Contact) announced today that it has opened an offer
of up to $100 million of unsecured, unsubordinated fixed rate bonds ("Bonds")
to institutional investors and New Zealand retail investors, with the ability
to accept up to a further $25 million in oversubscriptions.
The offer will be made pursuant to the Financial Markets Conduct Act 2013 as
an offer of debt securities of the same class as existing quoted debt
securities. The notice required by the Financial Markets Conduct Regulations
2014 has been provided to NZX and is attached.
The full details of the offer are contained in the terms sheet, a copy of
which is also attached.
The Bonds have a maturity date of 15 November 2021 and are expected to be
quoted on the NZX Debt Market. They have an investment grade issue credit
rating of BBB from Standard & Poor's. Contact's current corporate credit
rating from Standard & Poor's is BBB (stable).
The indicative issue margin range is 1.15 - 1.20% p.a. The issue margin and
interest rate for the Bonds will be set following a bookbuild process on 28
August 2015 and announced via NZX shortly thereafter. The offer will close on
28 August 2015 following the bookbuild process, with the Bonds expected to be
issued on 4 September 2015.
Interest will be paid on the Bonds quarterly in arrear in equal payments,
other than on the first interest payment date. Interest paid on the first
interest payment date (being 15 November 2015) will be for the period from
(and including) the issue date (4 September 2015) to (but excluding) the
first interest payment date.
Investors interested in the offer should contact ANZ Bank New Zealand Limited
(the Lead Manager), Forsyth Barr Limited (the Co-Manager) as set out below,
or their usual financial advisor, to obtain details of how Bonds may be
acquired. There will be no public pool for the Bonds.
Lead Manager, ANZ - 0800 269 476
Co-Manager, Forsyth Barr - 0800 367 227
ENDS
For further information please contact:
Louise Tong
Head of Treasury and Tax
021 444 224
End CA:00268909 For:CEN Type:GENERAL Time:2015-08-24 09:27:02
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