Key Developments: Origin Energy Ltd (OGFGF.PK)
12.81USD
21 May 2013
$-0.04 (-0.31%)
$12.85
$12.81
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$14.09
$10.25
Latest Key Developments (Source: Significant Developments)
Origin Energy Ltd Announces Pricing Of New Wholesale Bond Issue
Origin Energy Ltd announced the pricing of NZD100 million of new wholesale bonds issued in the domestic market. The issue consists of NZD50 million of five year bonds and NZD50 million of seven year bonds with fixed coupons of 4.800% and 5.277% respectively. The issue date of the five year bonds is May 24, 2013 and the issue date of the seven year bonds is May 27, 2013. Bank of New Zealand was the sole lead arranger for the bond issue. Full Article
Origin Energy Ltd Prices EUR 900 Million Medium Term Notes
Origin Energy Ltd announced the pricing and allocation of EUR 750 million seven and a half year medium term notes (Notes) issue under its Euro Medium Term Note Program (Program). The Notes have a coupon of 2.50% and will mature in October 2020. The proceeds have been swapped into Australian dollars. The settlement of the offering is expected to occur by the end of April 2013 and is subject to customary settlement conditions. The transaction follows the settlement on 5 April 2013 of a EUR 150 million issuance of 10-year notes under the Program, also swapped into Australian dollars. Full Article
Origin Energy Ltd Announces Intention To Withdraw From Innamincka Deeps Joint Venture
Origin Energy Ltd announced that it will withdraw from the Innamincka Deeps and Innamincka Shallows Joint Ventures effective June 30, 2013. Full Article
Origin Energy Ltd Announces USD200 Million Agreement To Sell Additional Portion Of Oil And Condensate Production
Origin Energy Ltd announced it had agreed to sell an additional portion of its future oil and condensate production at a price linked to the current oil forward pricing curve. The USD200 million forward sale of oil and condensate over a six-year period from July 2015 follows a similarly structured transaction announced by Origin in December 2012 that raised USD300 million. The two transactions represent approximately 35%of Origin's current oil and condensate 2P reserves excluding Australia Pacific LNG. A total of USD500 million raised by the two transactions is being used to retire existing drawn debt. Goldman Sachs is a counterparty in connection with the transaction. Full Article
Origin Energy Ltd Announces USD 300 Million Agreement To Sell Future Oil And Condensate Production
Origin Energy Ltd announced that it had entered an agreement to sell a portion of its future oil and condensate production at a price linked to the current oil forward pricing curve. Upon settlement of the agreement, which is scheduled to take place December 21, 2012, Origin will receive USD 300 million. These funds will be used to retire existing drawn debt. Full Article
Origin Energy Ltd Announces Long Term Gas Supply Agreement With MMG Group
Origin Energy Ltd announced the signing of a long-term gas sales agreement with the MMG group (MMG), providing a pathway for the Company to monetise gas resources at attractive prices. Under the terms of the agreement, Origin will supply MMG, a mid-tier global resources company, with gas for existing Century Mine and the development of the Dugald River project. Origin will supply MMG with a total volume of up to 22 petajoules (PJ) of gas over a seven year period, commencing with supply to Century mine 2013. The gas will be sourced from Origin's east coast fuel portfolio. Full Article
Origin Energy Ltd Executes AUD 2.4 Billion Syndicated Loan Facility
Origin Energy Ltd announced the execution of a AUD 2.4 billion of syndicated bank loan facility. The loan facility has terms of four and five years and will mature in October 2016 and October 2017. Full Article
Origin Energy Ltd Announces FY 2012 Final Dividend
Origin Energy Limited announced a final dividend of AUD 0.25 per share for the year ended June 30, 2012. The dividend will be paid on September 27, 2012 to shareholders of record on September 3, 2012. Full Article
Origin Energy Ltd Announces Final Dividend Dates
Origin Energy Ltd announced the details of the final dividend to be paid to shareholders on September 27, 2012. The Record Date was quoted as August 31, 2012 but in accordance with Appendix 6A of the ASX Listing Rules, the correct date is September 3, 2012. As a result, the Ex-Date is August 28, 2012. The dividend payment date, September 27, 2012, remains unchanged. Full Article
Origin Energy Ltd Announces Joint Drilling Commences in Offshore Kenya, in Mbawa Prospect
Origin Energy Ltd announced that Block L-8 operator Apache Corporation has, on behalf of the joint venture that includes the operator Apache Kenya Ltd, with a 50% stake, Origin Energy Ltd, acting through its wholly owned subsidiaries with a 20% stake, Pancontinental Oil & Gas NL, with a 15% stake, and Tullow Kenya B.V., with a 15% stake, commenced drilling the Mbawa Prospect in Kenya at the Mbawa 1 exploration well. Accordingly, the drillship Deepsea Metro 1 is expected to take approximately 60 days for the drilling operation, which will reach a total depth of 3,250 meters subsea in a water depth of 864 meters. Finally, the well will be plugged and abandoned after the evaluation program is completed. Full Article
New Issue-Origin Energy prices 750 mln euro 2020 bond
Underlying govt bond Over Mid-swaps, equivalent to 178.1bp
Earnings vs. 
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