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Prospect News home > News index > List of issuers Tenders > Headlines for 2013 > News item
Published on 10/11/2013 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Contact Energy to redeem some 8% retail fixed-rate bonds due May 2014

By Tali David

Minneapolis, Oct. 11 - Contact Energy Ltd. plans to buy back some of its 8% series 2009 retail fixed-rate bonds due May 15, 2014, according to a press release.

The buybacks will be funded from existing cash, which arose in part from debt issued to pre-fund redemption of these bonds, and available bank facilities.

Contact Energy is a Wellington, New Zealand-based electricity generator.


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