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News on New Investment

Contact Energy Limited has announced the terms of an offer of up to $100 million ($75 million with the ability to accept another $25 million in oversubscriptions) of unsecured, unsubordinated, fixed rate bonds maturing on 15 November 2022. The indicative margin has been set at 1.50-1.65% over the swap interest rate for a term matching the term of the bond (just under 6 years) which would imply an interest rate of between 4.55-4.70%pa if it were set today. The actual interest rate is to be set on 17 February 2017.

CEN has held a BBB credit rating from Standard & Poor’s and its stable outlook was reaffirmed on 13 February 2017.