Published 30 August 2007Origin Energy Contact Finance No 2 Ltd set the margin & minimum dividend rate yesterday for a $200 million public offer of preference shares.
The offer is expected to open on Tuesday 4 September and close on Friday 5 October.
The expected issue date is Tuesday 9 October and the dividend from then until 14 October 2008 will be the higher of 10% and the reference rate (one-year benchmark swap rate on Monday 8 October 2007) plus the margin of 1.5%/year.
Origin Energy is seeking preliminary indications of interest. Organising participant is ASB Securities.
Attribution: Company release, story written by Bob Dey for this website.