{"id":635319,"date":"2026-10-19T13:58:16","date_gmt":"2026-10-19T13:58:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/635319\/"},"modified":"2026-10-19T13:58:16","modified_gmt":"2026-10-19T13:58:16","slug":"contact-energy-considers-225m-green-capital-bond-offer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/635319\/","title":{"rendered":"Contact Energy considers $225m green capital bond offer"},"content":{"rendered":"<p class=\"FxSPvgIxedhFU\" style=\"display:none\">A BB+ rating from S&amp;P is considered the highest speculative or \u201cjunk\u201d rating.<\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">If the offer is successful, Contact intends to redeem its $225m in November 2051 green capital bonds, which have a five-year call date and are currently quoted on the NZX Debt Market.<\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">Proceeds will be used by Contact for the financing and refinancing of renewable generation and other eligible green assets in accordance with the terms of Contact\u2019s sustainable finance framework, the company said.<\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">Other major energy companies have similar instruments in the market, Mark Brown, head of fixed income at Harbour Asset Management, said.<\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">\u201cFor the issuers, there is a balance sheet efficiency arising from it,\u201d Brown said.<\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">Contact has appointed Forsyth Barr Capital Markets as arranger and joint lead manager, and Bank of New Zealand and Craigs Investment Partners as joint lead managers in relation to the proposed offer.<\/p>\n<p class=\"FxSPvgIxedhFU\" style=\"display:none\">Jamie Gray is an Auckland-based journalist, covering the financial markets, the primary sector and energy. He joined the Herald in 2011.<\/p>\n<p>Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our <a href=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" title=\"https:\/\/www.nzherald.co.nz\/my-account\/profile\/newsletters\/?from=cmp\">Business newsletter<\/a>\u00a0\u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"A BB+ rating from S&amp;P is considered the highest speculative or \u201cjunk\u201d rating. If the offer is successful,&hellip;\n","protected":false},"author":2,"featured_media":635320,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[102369,154830,6867,138,1288,40570,18205,16579,1667,2518,25393,321,1132,111,139,69,13692,644],"class_list":["post-635319","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-102369","tag-225m","tag-bond","tag-business","tag-capital","tag-considering","tag-considers","tag-contact","tag-energy","tag-green","tag-institutional","tag-investors","tag-million","tag-new-zealand","tag-newzealand","tag-nz","tag-offer","tag-retail"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/635319","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=635319"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/635319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/635320"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=635319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=635319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=635319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}