Contact mulls $225 mln bond issue to refinance upcoming maturity

Fri, 20 Dec 2013

Dec. 20 (BusinessDesk) - Contact Energy, the second biggest listed power company on the New Zealand stockmarket, is looking at issuing a $225 million retail bond to help refinance $534 million of maturities coming next May. The Wellington-based company is considering an exchange offer to existing holdings of the 2009 bonds which mature on May 14, 2014, as well as a general offer to existing and new investors, it said in a statement. The company raised US$240 million in a wholesale bond issue to US investors in June to help refinance the 2014...

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