NZ's Contact Energy raises $240 mln in long-term debt

WELLINGTON, June 14 Thu Jun 13, 2013 9:22pm EDT

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WELLINGTON, June 14 (Reuters) - Contact Energy, New Zealand's largest listed power company, said on Friday it has raised $240 million in long-term debt through a private placement with U.S. investors to refinance maturing debts.

The proceeds of the debt, with an average tenor of 11 years, will be drawn down in September and December.

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