Origin Energy (Origin) today announced that it intends to redeem the €500 million Capital Securities due 2071 (2071 Capital Securities) issued by Origin Energy Finance Limited and listed on the London Stock Exchange at their first call date (16 June 2018) in accordance with the terms of those securities.
Following this announcement, it is expected that Standard & Poor’s Ratings Services will no longer assign intermediate (50 per cent) equity content to both the 2071 Capital Securities and the €1,000 million Capital Securities due 2074 (2074 Capital Securities), listed on the Luxembourg Stock Exchange.
Origin does not consider this expected change in equity content to be a Rating Event under the terms and conditions of the 2071 Capital Securities or an Equity Credit Rating Event under the 2074 Capital Securities.
Contacts
| Media Anneliis Allen Group Manager, External Affairs Ph: +61 2 8345 5119 Mobile: +61 428 967 166 |
Investors Peter Rice General Manager, Capital Markets Ph: +61 2 8345 5308 Mobile: +61 417 230 306 |
