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LONDON - Contact Energy Limited plans to issue €500 million in fixed rate green senior unsecured notes due November 2032, according to a pre-stabilization notice released Thursday.
UBS Investment Bank will serve as the stabilizing manager for the 7-year green bond offering, with the stabilization period expected to begin on October 23, 2025, and end no later than December 2, 2025.
The stabilizing manager may over-allot securities or conduct transactions to support the market price at a level higher than might otherwise prevail, with a maximum over-allotment facility of up to 5% of the aggregate nominal amount.
The offer price and other terms have yet to be confirmed, according to the notice.
Contact Energy’s green bonds will be issued as senior unsecured notes, with proceeds likely to fund environmentally sustainable projects in line with green bond principles.
The securities will not be registered under the United States Securities Act and cannot be offered or sold in the United States without registration or an exemption.
The announcement was made through the Regulatory News Service (RNS) of the London Stock Exchange, based on a press release statement from UBS AG.
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