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ORIGIN ENERGY LIMITED — Capital/Financing Update 2013
Oct 17, 2013
65507_rns_2013-10-17_dcdbfca7-91b1-4ff4-8f20-1ab8872f4ef2.pdf
Capital/Financing Update
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| To Company Announcements Office Company ASX Limited From Helen Hardy |
Facsimile 1300 135 638 |
|---|---|
| Date 18 October 2013 |
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| Pages 2 |
Subject CONTACT ENERGY CAPITAL BONDS DUE 2042 - REDEMPTION
Attached herewith is a copy of an announcement released to the NZX by Contact Energy today.
Origin Energy holds 53.09% of quoted ordinary shares in Contact Energy Limited.
Regards
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Helen Hardy Company Secretary
02 8345 5441 – [email protected]
Climate Change and Business Conference
Origin Energy Limited ACN 000 051 696 • Level 45 Australia Square, 264-278 George Street, Sydney NSW 2000 GPO Box 5376, Sydney NSW 2001 • Telephone (02) 8345 5000 • Facsimile (02) 9252 1566 • www.originenergy.com.au
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18 October 2013
Contact Energy Capital Bonds due 2042 - Redemption
Standard and Poor’s has changed the criteria for assessing the equity content of hybrid securities. As a result of this change, the Contact Energy Capital Bonds due 2042 (Capital Bonds) traded on the NZDX under code CENFA no longer meet the criteria for “high” equity content and will be assigned a lower equity content.
The change in equity content, as a result of the criteria change, is a “Rating Agency Event” under the terms and conditions of the Capital Bonds. As a consequence, Contact Energy is entitled to redeem the Capital Bonds on the next interest payment date following notice of redemption to bondholders at par plus accrued interest.
Contact Energy has elected to redeem all of the outstanding Capital Bonds on 15 November 2013, being the next interest payment date. Contact Energy will shortly provide written notice of redemption to all bondholders.
Contact Energy will use bank facilities and existing funds held on deposit to fund the redemption.
This redemption does not apply to any other bonds issued by Contact Energy.
ENDS
For further information please contact:
Louise Tong Fraser Gardiner Corporate Treasurer Head of Investor Relations and Strategy 021 444 224 021 228 3688
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