Contact Energy considers a retail Green Bond offer
Contact Energy Limited. Level 2 Harbour City Tower, 29 Brandon St, Wellington 6011. PO Box 10742 Wellington 6143.
P: +64 4 499 4001 F: +64 4 499 4003 contactenergy.co.nz
11 February 2019
Contact Energy considers a retail Green Bond offer
Contact Energy Limited (“Contact”) has today announced that it is considering making an offer of up
to $100 million of unsecured, unsubordinated fixed rate Green Bonds (“Green Bonds”) to
institutional investors and New Zealand retail investors.
The Green Bonds are expected to have a maturity date of 15 August 2024. It is expected that full
details of the offer will be released in the week beginning 18 February 2019, when the offer is
anticipated to open.
Contact has a corporate credit rating from S&P Global Ratings of BBB (stable). The Green Bonds are
expected to be assigned a long-term credit rating of BBB.
Proceeds from the proposed offer will be used for the financing of renewable generation and other
eligible assets in accordance with Contact's Green Borrowing Programme Framework.
ANZ Bank New Zealand Limited, Bank of New Zealand and Deutsche Craigs Limited have been
appointed as Joint Lead Managers for the proposed offer.
Investors can register their interest in the proposed offer by contacting one of the Joint Lead
Managers using the contact details listed below, or their usual financial advisor. Indications of
interest will not constitute an obligation or commitment of any kind.
No money is currently being sought and no applications for the Green Bonds may be accepted or
money received until the offer opens and investors receive a terms sheet. If Contact offers the
Green Bonds, the offer will be made in accordance with the Financial Markets Conduct Act 2013 as
an offer of debt securities of the same class as existing quoted debt securities. The Green Bonds are
expected to be quoted on the NZX Debt Market.
For further information please contact:
Investor enquiries:
Matthew Forbes Louise Tong
Investor Relations Manager Head of Capital Markets and Tax
+64 21 072 8578 +64 21 444 224
Media enquiries:
Andrew Austin
Communications Advisor
+64 21 644 167
Joint Lead Managers
0800 269 476 0800 284 017 0800 226 263
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
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