Contact Energy considers $100 million retail bond offer

Tue, 07 Feb 2017

By Paul McBeth Feb. 7 (BusinessDesk) - Contact Energy, which last year said it would focus on reducing debt, is considering a $100 million offer of bonds it plans to list on the NZX debt market. Wellington-based Contact plans to sell $75 million of unsecured, unsubordinated five-year bonds to institutional and retail investors, with oversubscriptions of up to $25 million, it said in a statement. Details for the offer will be released next week. New Zealand's five-year swap rate fell 9 basis points to 2.96 percent, while Contact share...

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