(EnergyAsia, October 21 2011, Friday) — Australia’s Origin Energy Limited said it has raised US$500 million through an unsecured notes offering in the US that will be due October 14 2021 while paying a coupon rate of 5.45%.

The successful placement will help fund the company’s joint-venture project to convert coal seam gas (CSG) to liquefied natural gas (LNG) for export, mostly to Asia. Its partners in the Australia Pacific LNG project include ConocoPhillips of the US and China’s state-owned Sinopec, Origin.

The notes will be issued by subsidiary Origin Energy Finance Limited and will be guaranteed by Origin Energy Limited and its subsidiaries.

Karen Moses, Origin’s executive director for finance and strategy, said:

“With this transaction, Origin has taken a further step in securing funding requirements for the Australia Pacific LNG CSG-to-LNG project.”