AUCKLAND, NEW ZEALAND: Contact Energy Limited is considering making an offer of up to $200 million (with the ability to accept oversubscriptions of up to an additional $25 million) of unsecured subordinated green capital bonds to New Zealand retail and institutional investors.
The proceeds of the offer will be used by Contact Energy for the financing and refinancing of renewable generation and other eligible assets in accordance with the terms of Contact’s Green Borrowing Programme framework.
It is expected that further details of the offer will be released later this week.
Contact has appointed Craigs Investment Partners Limited and Forsyth Barr Limited as Joint Arrangers and Joint Lead Managers, and Bank of New Zealand as a Joint Lead Manager, in relation to the proposed offer.