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- Release Date: 14/03/14 18:12
- Summary: INTEREST: CEN: CEN announces interest rate of 5.80% for retail bond offer
- Price Sensitive: No
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CEN
14/03/2014 16:12
INTEREST
REL: 1612 HRS Contact Energy Limited
INTEREST: CEN: CEN announces interest rate of 5.80% for retail bond offer
14 March 2014
Contact announces interest rate of 5.80% for retail senior bond offer
Contact Energy Limited (Contact) confirms that the Exchange Offer component
of its current retail offer of senior bonds has now closed and that the
interest rate has been set at 5.80%.
Contact has received in excess of $210 million of applications at 5.80% or
Final Interest Rate under the Exchange Offer and General Offer. Existing
bondholders represent more than 80% of applications to date.
Contact has elected to take oversubscriptions such that the total offer may
be up to $250 million, and accordingly the General Offer remains open for
applications from the public until Thursday 20 March 2014. Contact reserves
the right to make further reserved allocations to brokers or market
participants and anticipates making a further announcement in this regard
next week.
The first allotment in respect of applications received to date will be made
on Thursday 20 March 2014 and a final allotment on Thursday 27 March 2014
(unless made earlier).
ENDS
For further information please contact:
Louise Tong
Corporate Treasurer
021 444 224
Fraser Gardiner
Head of Investor Relations and Strategy
021 228 3688
End CA:00248243 For:CEN Type:INTEREST Time:2014-03-14 16:12:33
