Contact Energy launches $100m Green Bond offer

Company News

by Anna Napoli

New Zealand electricity generator, Contact Energy (ASX:CEN) has launched a $100 million retail Green Bond offer.

The proceeds from the issue of the Green Bonds will be used for the financing of renewable generation and other eligible assets.

The indicative issue margin range is 1.45 to 1.55 per cent per annum.

The offer comes on the back of the company's stellar half year results which were announced last week.

Shares in Contact Energy (ASX:CEN) last traded at $6.03 on 13 February.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.