Contact Energy: Contact sets interest rate for green Capital Bonds

Contact Energy: Contact sets interest rate for green Capital Bonds
Contact Energy Limited (Contact) has today announced that the bookbuild for its offer of unsecured subordinated green capital bonds (Capital Bonds) has been completed and confirmed that $250 million has been reserved for clients of those participants in the bookbuild process that have received firm allocations. This includes oversubscriptions of $50million.There was no public pool for the offer.
The interest rate for the first five years has been set at 5.67% per annum. For so long as the Capital Bonds remain outstanding, the interest rate will be reset at five-yearly intervals to be equal to sum of the five-year swap rate, the margin of 2.15%and a step-up of 0.25%, unless otherwise determined as part of a successful election process.
The Capital Bonds will be issued on 3 October 2024 and quoted on the NZX Debt Market under the ticker code CEN090 on 4 October 2024.
A copy of the final terms sheet will be provided to NZX.
For the full document click the link below:
Contact Energy
Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies.