Contact Energy confirms coupon of 8% on $200M of 2042 bonds

Contact Energy sold $200 million of long-life bonds with a coupon of 8 percent, the minimum level of interest it flagged last month.

The 2042 bonds will pay that rate of interest through until Feb. 15, 2017, when Contact has the right to redeem the bonds or reset the interest rate at a ‘step-up margin’, which is the margin plus an annual step-up percentage of 0.25 percent.

BusinessDesk.co.nz

Comments from our readers

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Devon Funds Morning Note - 14 October 2025
October 15th Morning Report
Scott Secures $44M Appliance Contracts Across Americas
October 14th Morning Report
Can reporting what a witness says ever be an attempt to "harass and attack"?
Rakon director appointment
October 13th Morning Report
BPG - Quarterly Report Investor Webinar
RYM - Second quarter trading update
October 9th Morning Report