Origin in $US250m debt issue

Integrated energy company Origin Energy has completed the issue of $US250 million of senior unsecured notes into the US private placement market. The notes were issued in three tranches maturing 2010, 2015 and 2018.

Origin's chief financial officer, Frank Calabria, said the issue diversifies the company's source of funding as well lengthening its debt maturity profile.

"The transaction provides long-term certainty of debt financing without any increase in financing margins compared to Origin's existing domestic medium-term financing facilities," Calabria said.

Joint lead arrangers to the issue were Bank of America Securities and Westpac Institutional Bank. Origin is currently rated by Fitch Ratings as A-/Stable and by Standard & Poors as BBB+/Stable.

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