CEN
28/08/2015 15:49
GENERAL
NOT PRICE SENSITIVE
REL: 1549 HRS Contact Energy Limited
GENERAL: CEN: Contact Energy sets rate on Bond Offer
28 August 2015
Contact Energy sets rate on Bond Offer
Following the successful bookbuild process for its offer of unsecured,
unsubordinated fixed rate bonds ("Bonds") Contact Energy Limited (Contact)
today announced that the offer has closed and the full issue amount of NZ$100
million plus oversubscriptions of NZ$50 million of Bonds will be issued under
the offer.
The interest rate for the Bonds has been set at 4.40% p.a. This reflects a
margin of 1.15% p.a. over the underlying swap rate. The Bonds will be issued
on 4 September 2015 and will mature on 15 November 2021. The Bonds are
expected to be quoted on the NZX Debt Market under the ticker code CEN030.
The Bonds have an investment grade issue credit rating of BBB from Standard &
Poor's.
The full details of the offer are contained in the updated terms sheet which
is attached.
ENDS
For further information please contact:
Louise Tong
Head of Treasury and Tax
021 444 224
End CA:00269292 For:CEN Type:GENERAL Time:2015-08-28 15:49:42
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