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Contact Energy Limited (NZX: CEN) Sets Interest Rate for Green Capital Bonds

Friday 12th November 2021

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Contact Energy Limited (Contact) has today announced that the bookbuild for its offer of unsecured subordinated green capital bonds (Capital Bonds) has been completed and confirmed that $225 million has been reserved for clients of those participants in the bookbuild process that have received firm allocations. This includes oversubscriptions of $25 million. There was no public pool for the offer.

The interest rate for the first five years has been set at 4.33% per annum. For so long as the Capital Bonds remain outstanding, the interest rate will be reset at five-yearly intervals to be equal to sum of the five-year swap rate, the margin of 1.65% and a step-up of 0.25%, unless otherwise determined as part of a successful election process.

The Capital Bonds will be issued on 19 November 2021 and quoted on the NZX Debt Market under the ticker code CEN060 on 22 November 2021.

A copy of the final terms sheet has been provided to NZX with this announcement.

Details of the offer and the Capital Bonds are contained in the PDS, which is available on the online Disclose Register maintained by the Companies Office (www.business.govt.nz/disclose, offer number OFR13200) or by contacting one of the Joint Lead Managers to the offer (listed below) or your usual financial adviser.

Bank of New Zealand

0800 284 017

Craigs Investment Partners Limited

0800 226 263

Forsyth Barr Limited

0800 367 227

Please see the links below for details

Contact sets interest rate for green Capital Bonds

Final Terms Sheet

Source: Contact Energy Limited



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