22 May 2013
Contact Energy - Successful Pricing of New Wholesale Bond Issue
Attached herewith is a copy of an announcement released to the NZX by Contact Energy today. Origin Energy holds 53.09% of quoted ordinary shares in Contact Energy Limited.
Contact Energy today announced the successful pricing of NZ$100 million of new wholesale bonds issued in the domestic market.
The issue consists of NZ$50 million of five year bonds and NZ$50 million of seven year bonds with fixed coupons of 4.800% and 5.277% respectively. The issue date of the five year bonds is 24 May 2013 and the issue date of the seven year bonds is 27 May 2013.
Bank of New Zealand was the sole lead arranger for the bond issue.
These bonds will not be quoted on the NZX debt market.
021 228 3688
027 705 3831
Origin progresses plans for nation’s largest battery at Eraring Power Station
Origin Energy Limited (Origin) is progressing plans for a battery at Eraring Power Station in NSW, with an overall capacity of up to 700 MW and a dispatch duration of 4 hours, making it the largest battery project currently under consideration in Australia.