Contact Energy to Issue $225M Green Bonds; S&P Global Ratings to Assign BB+
What happened
Contact Energy is considering an offer of up to $225 million in unsecured, subordinated, redeemable, cumulative, interest bearing green capital bonds. S&P Global Ratings is expected to assign a BB+ credit rating to these bonds. The proceeds from the offer will be used by Contact Energy for the financing and refinancing of renewable generation and other eligible green assets.
From sharechat.co.nz
Why it matters
The bond issuance allows Contact Energy to raise capital specifically for green asset financing and refinancing. The BB+ rating from S&P Global Ratings reflects the bonds' subordination and the potential for interest payments to be deferred. Bank of New Zealand is participating in the offering as a Joint Lead Manager.
From sharechat.co.nz
Who's involved
- S&P Global RatingsCredit rating agency assessing the bonds issued by Contact Energy
- Contact EnergyCompany issuing the green capital bonds to raise financing
- Bank of New ZealandFinancial institution serving as a Joint Lead Manager for the offering
Keep exploring
The entities involved
-
S&P Global Ratings
credit rating agency, subsidiary of S&P Global
Nothing else this week.
-
Contact Energy
company
Nothing else this week.
-
Bank of New Zealand
financial institution located in New Zealand
Nothing else this week.
Related events
- Kiwi Property Group utilized NZ debt capital markets, with S&P Global Ratings assigning a credit rating and Bank of New Zealand acting as Joint Lead Manager.
- S&P Global Ratings and Moody's Ratings assess the financial health and debt plans of Mariner Wealth Advisors.
- ANZ Bank New Zealand is serving as a Joint Lead Manager in a financial capacity involving Kiwi Property Group.