Contact considers green Capital Bond offer

Contact Energy Limited Level 2 Harbour City Tower, 29 Brandon Street, Wellington 6011 | PO Box 10742, Wellington 6143
P: +64 4 499 4001 | F: +64 4 499 4003 | W: contactenergy.co.nz

17 September 2024

Contact considers green Capital Bond offer
Contact Energy Limited (Contact) has today announced that it is considering making an
offer of up to $200 million (with the ability to accept oversubscriptions at Contact’s discretion)
of unsecured subordinated green capital bonds (Capital Bonds) to institutional investors
and New Zealand retail investors.
It is expected that full details of the offer will be released during the week beginning 23
September 2024, when the offer is expected to open.
Contact has an issuer credit rating from S&P Global Ratings of BBB (stable outlook). The
Capital Bonds are expected to be assigned an issue credit rating of BB+.
The proceeds of the offer will be used by Contact for the financing and refinancing of
renewable generation and other eligible green assets in accordance with the terms of
Contact's Sustainable Finance Framework.
Contact has appointed Forsyth Barr Limited (Forsyth Barr) as Arranger and Bank of New
Zealand (BNZ) as Green Bond Co-ordinator. Forsyth Barr and BNZ will also act as Joint
Lead Managers alongside Craigs Investment Partners Limited in relation to the proposed
offer.
Investors can register their interest in the proposed offer by contacting one of the Joint Lead
Managers (listed below) or their usual financial adviser. Indications of interest will not
constitute an obligation or commitment of any kind.
No money is currently being sought and no Capital Bonds can be applied for or acquired
until the offer opens. If the proposed offer is made, it 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. Application will be made to NZX for any Capital Bonds to be
quoted on the NZX Debt Market on completion of the offer.
Bank of New Zealand Craigs Investment Partners Limited
09 375 1391 0800 272 442
Forsyth Barr Limited
0800 367 227
-ends-
Investor enquiries
Shelley Hollingsworth
Investor Relations and Strategy Manager
+64 27 227 2429
shelley.hollingsworth@contactenergy.co.nz

Media enquiries
Louise Wright
Head of Communications and Reputation
+64 21 840 313
media@contactenergy.co.nz