Contact issues Australian $400m Green Medium Term Notes
Contact Energy Limited Level 2 Harbour City Tower, 29 Brandon Street, Wellington 6011 | PO Box 10742, Wellington 6143
P: +64 4 499 4001 | W: contactenergy.co.nz
Tuesday 21 November 2023
Contact issues Australian $400m Green
Medium Term Notes
Contact Energy Limited (Contact) has today completed its inaugural issue of A$400 million
fixed rate green medium term notes under its new wholesale Australian Medium Term Note
(AMTN) programme. The notes carry a fixed coupon of 6.398% (with an issue margin to
benchmark of 170 bps) per annum and matures on 21 November 2030.
The proceeds from the new notes will be used by Contact for investment in green assets in
accordance with its Sustainable Finance Framework. Contact has $1.2 billion of renewable
generation currently under construction, with a significant pipeline of further potential
geothermal, wind, solar and battery investments and the planned retirement of thermal
generation.
The issuance was well subscribed and met Contacts objectives of providing additional
diversity into its debt investor base and establishing a presence in the Australian wholesale
market. The transaction was open to institutional investors only and has been rated BBB by
S&P Global Ratings.
Westpac Banking Corporation, Commonwealth Bank of Australia and MUFG Securities Asia
Limited acted as joint lead managers on the transaction.
- ends -
Investor enquiries
Shelley Hollingsworth
Investor Relations and Strategy Manager
+64 27 227 2429
shelley.hollingsworth@contactenergy.co.nz
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.
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