24 June 2014
Origin Energy Subordinated Notes - Interest Rate
Origin Energy Limited (Origin) today released the following Interest Cover Ratio which has been calculated as at 31 December 2014 (Testing Date) in accordance with the requirements set out in the Origin Energy Subordinated Notes Prospectus dated 1 December 2011.
The Interest Rate is calculated as the Bank Bill Rate on 23 June 2014 of 2.71% plus the Margin of 4.00%.
The Interest Payment will be made on 22 September 2014, unless it is optionally or mandatorily deferred in accordance with the terms of the Notes.
The table below outlines the key dates and the Interest Payment for the next Interest Period.
|Interest Payment Date||Record Date||Ex-Date||No. of Days in Interest period||Interest Rate||Interest Payment per Note|
|22 September 2014||12 September 2014||10 September 2014||91||6.71%||$1.67|
Unless otherwise defined in this notice, capitalised terms used in this notice have the same meaning as defined in the Origin Energy Subordinated Notes Terms.
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Ph: +61 2 9375 5834
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Ph: +61 2 9375 5816
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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.