Business

Contact Energy sells $100m of new wholesale bonds

08:38 am on 23 May 2013

Contact Energy says it sold $100 million of new wholesale bonds in the domestic market on Wednesday.

The $50 million of five-year bonds sold at a 4.8% coupon while the $50 million of seven-year bonds went at a 5.3% coupon.

The Bank of New Zealand was the sole lead arranger for the sale of bonds. They will not be quoted on the NZX debt market.