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Contact Energy Limited has announced that it is considering making an offer of up to $100 million, with the ability to accept oversubscriptions of up to $25 million, of unsecured, unsubordinated fixed rate bonds (“Bonds”) to institutional investors and New Zealand retail investors.

The Bonds are expected to have a duration of approximately six years, with a maturity date of 15 November 2021. It is expected that full details of the offer will be released in the week beginning 24 August 2015, when the offer is expected to open.

ANZ Bank New Zealand Limited (“ANZ”) has been appointed the Arranger and Lead Manager and Forsyth Barr Limited (“Forsyth Barr”) has been appointed as Co-Manager for the proposed offer.