Origin Energy Limited (Origin) today announced the successful pricing and allocation of a US$500 million (approximately A$510 million) Senior Unsecured Notes (Notes) offering in the United States 144A market. The Notes are due 14 October 2021 with a coupon of 5.45%.
Origin Executive Director, Finance and Strategy, Ms Karen Moses said, “ With this transaction, Origin has taken a further step in securing funding requirements for the Australia Pacific LNG CSG to LNG project .”
The Notes will be issued by Origin Energy Finance Limited (a subsidiary of Origin) and will be guaranteed by Origin Energy Limited and certain of its subsidiaries.
The settlement of the offering is expected to occur on Friday 14th October 2011 (New York time) and is subject to customary settlement conditions.
[mappress] Source: Origin Energy, October 7, 2011