Origin in bond issuance after $800 million Browse Basin acquisition

摘要

Origin Energy has priced and allocated a EUR1 billion ($1.3 billion) issuance of hybrid securities to complete the financing of its Browse Basin acquisitions in Western Australia. The issuance - the proceeds of which will be swapped into approximately A$1.4 billion - is to be awarded a 50% equity credit for ratings purposes from Standard & Poor's and Moody's, the company said, supporting the firm’s current credit ratings.