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S&P: Origin Energy notes BBB+
Standard & Poor's said it assigned a BBB+ rating to the $500 million 10-year fixed-rate medium-term notes to be issued by Origin Energy Finance Ltd. and guaranteed by Origin Energy Ltd.
The issuance is a Rule 144A deal. When issued, the notes will rank pari passu with other senior unsecured debt issued by Origin.
The proceeds will be used to repay bank debt and ultimately to support liquidity for the company's capital contributions to the Australia Pacific LNG Pty Ltd.'s liquefied natural gas project, S&P said.
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