28 February 2014
Contact Energy Limited - 2014 Retail Bond Offer update
Further to announcements last week with regards to its offer of unsecured, unsubordinated bonds, Contact Energy expects that information packs in relation to the Exchange Offer component will be mailed to existing bondholders on Monday 3 March 2014, and should be received by holders shortly thereafter.
The information pack will consist of
- Letter to Existing Bondholders
- Existing Bondholder Application Form (pre-populated with the bondholder’s details)
- Simplified Disclosure Prospectus
Existing Bondholders wanting to participate in the offer are encouraged to complete their application forms as soon as possible, noting that applications must be received by the Registry (Link Market Services) by 5pm on Thursday 13 March 2014 by post, email or fax. Holders who do not receive the information pack by Friday 7 March 2014 should contact the Registry at firstname.lastname@example.org who will arrange a prompt replacement.
In addition, Contact has reserved $25 million of bonds for allocations to clients of Primary Market Participants under the General Offer. These applications are required to be at the Final Interest Rate, and will be treated for the purposes of the Rate Setting Mechanism as being at 5.80%.
Origin Energy holds 53.09% of quoted ordinary shares in Contact Energy Limited.
021 444 224
Head of Investor Relations and Strategy
021 228 3688