Origin Energy Limited (ASX:ORG) has completed the bookbuild for its recently launched offer of $800 million of subordinated notes.
The funds are expected to be put towards partially funding the energy company’s contribution to the $18 billion Australia Pacific LNG project in Queensland and for general corporate purposes
After receiving strong support from institutions and brokers Origin increased the offer size to $800 million from an initial $500 million.
Origin says the final size of the offer will depend on the volume of applications received under the shareholder offers and general offers.
In fiscal 2011 Origin Energy reported a net profit of $248 million.
