Meridian Energy confirms Issue Size, Interest Rate and closes its Offer

Meridian Energy Limited (Meridian) today announced that following strong investor demand for its issue of fixed rate bonds (Bonds), it has set the issue size at NZ$150,000,000, accepting oversubscriptions of NZ$50,000,000.

The margin for the Bonds has been set at 1.50 percent per annum and the interest rate has been set at 4.88 percent per annum.

All of the Bonds have been allocated to intermediaries for distribution to their clients and there will be no public pool available.

The Bonds will be issued on 20 March 2017 and will mature on 20 March 2024.  The Bonds are expected to be quoted on the NZX Debt Market under the ticker code MEL040.

The full details of the offer are contained in the Terms Sheet

Joint Lead Manager Joint Lead Manager Co-Manager

BNZ

Westpac Institutional Bank

Deutsche Craigs

Ph: 0800 284 017

Ph: 0800 942 822

Ph: 0800 226 263

 

For investor relations queries, please contact: For media queries, please contact:

Owen Hackston
Investor Relations Manager
021 246 4772

Philippa Norman
External Communications
021 707 854