ORG 1.59% $6.80 origin energy limited

Origin Energy

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    The SEAS Gas project (50/50 ORG and International Power) has finalised its $338M financing,comprising $214M in debt, and $124M equity bridging loan. The debt will convert to a 3 year bullet
    facility, once construction is completed in early 2004. The project is likely to accelerate development of other Otway Basin gas discoveries. Positive for ORG in the medium term.
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