Credit Suisse has tipped that Origin Energy Ltd (ASX:ORG) is likely to follow in the footsteps of Santos Ltd (ASX:STO) and raise cash through hybrid instruments for its $35 billion Australia Pacific LNG project, according to The Australian.
Speculation is mounting that Origin will lean towards a Santos-styled hybrid note, in the wake of the strong support Santos has received for its $1.4 billion hybrid issue for its Gladstone LNG project.
The news comes just days after Origin announced it is to raise $2.3 billion through a fully underwritten offer to partly fund its $3.25 billion purchase of the New South Wales government’s electricity assets.
Origin Energy booked a net loss of $100 million for the six months to 31 December 2010.
