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:

WIN - Winton Announces Timing of its Interim Results for FY26
FBU - Fletcher Building Quarterly Volume Report for Q2 FY26
January 13th Morning Report
RAK - Rakon Receipt of Takeover Notice
January 12th Morning Report
GEN - Resignation of Corporate Counsel and Company Secretary
January 9th Morning Report
VSL - Confirmation of MD/CEO and Board changes
January 5th Morning Report
December 31st Morning Report