Sept 30 (Reuters) - Origin Energy Ltd ORG.AX :
* ORG launches $2.5 billion entitlement offer
* Says initiatives expected to reduce net debt to below $9 billion by end FY2017
* Says reduce capital expenditure and working capital requirements during FY 2016 and FY 2017 by $1.0 billion
* Says dividend guidance of 20 cents per share for FY 2016 and FY 2017
* Says target up to $800 million of non-core asset sales by FY 2017
* These initiatives will lower debt, strengthen the balance sheet and reduce reliance on distributions from Australia Pacific LNG
* Says does not expect to make further contributions to Australia Pacific LNG beyond the previously announced $1.8 billion
* Source text for Eikon ID:nASX79j8R1