Origin Raises $500M To Fund Aussie LNG Export Project

Law360, New York (October 12, 2012, 3:54 PM EDT) -- Australia's Origin Energy Ltd. on Friday raised €500 million ($647 million) in new debt to meet its funding obligations for Australia Pacific LNG, the $20 billion gas export project it is developing with ConocoPhilips Co.

The seven-year notes, which pay a 2.875 coupon rate, will help cover Origin's roughly $4.3 billion share of the project's equity portion, Karen Moses, Origin's executive director of finance and strategy, said in a statement.

The issuance follows a $2.4 billion refinancing last week of debt set to mature next year....
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