Contact Energy (ASX:CEN) has completed an issue of AU$400 million fixed-rate green medium-term notes under its wholesale Australian medium-term note programme, according to a Tuesday Australian bourse filing.
The notes carry a fixed coupon of 5.414% per annum, with an issue margin to benchmark of 157 basis points and mature on Dec. 3, 2031.
The company will use the proceeds to invest in green assets.
Australia and New Zealand Banking Group, National Australia Bank, and Westpac Banking Corporation acted as joint lead managers on the transaction.
The transaction was open to institutional investors only and has been rated BBB by S&P Global Ratings, said the filing.
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