Clifford Chance advises on Contact Energy’s €500 million Green Notes issuance under its Euro Medium Term Note Programme

Global law firm Clifford Chance has advised Contact Energy Limited on its issuance of €500 million 3.537%, Green Notes due 2032 under the issuer’s US$2 billion Euro Medium Term Note Programme.

The Green Notes are listed on the Australian Stock Exchange (ASX). The net proceeds will be used to finance or refinance eligible green projects and assets in line with the company’s Sustainable Finance Framework.

Lead partner Mark Chan said, “We have recently advised a number of Australian and New Zealand issuers in accessing the Eurobond and Euro-currency markets. The successful completion of this offering highlights both the attractiveness of these markets for regional issuers and the strong investor demand for high-quality assets from Australia and New Zealand. This transaction also demonstrates the increasing integration of sustainability objectives within debt capital markets and the robust investor appetite for high-quality green bonds.”

Mark was supported by senior associate George Mok and associates Louis Yee and Christine Chan.

NZX and ASX-listed Contact Energy is a leading New Zealand electricity generator and retailer, serving over 650,000 customer connections with electricity, gas, broadband and mobile plans. The company operates 26 hydro schemes, seven geothermal power stations and three thermal peaking stations, generating electricity across New Zealand.

Clifford Chance has a proven track record of advising Australian and New Zealand issuers on their debt capital markets transactions, including those by Telstra, Woolworths Group and Wesfarmers in 2025.