Contact Energy plans 5-year bond

Contact Energy Ltd expects to make a 5-year bond issue for up to $100 million next week.

The company said yesterday it was considering making an offer of up to $75 million, with the ability to accept oversubscriptions of up to $25 million, of unsecured, unsubordinated fixed-rate bonds to institutional investors & New Zealand retail investors.

The company said full details should be released, and the offer should open, next week.  The maturity date will be 15 November 2022.

Contact will use the proceeds to refinance a bond maturing on 13 April and for general corporate purposes.

Attribution: Company release.

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