Meridian Energy confirms bond offer size and interest rate

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 1.60 percent per annum and the interest rate has been set at 4.53 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 14 March 2016 and will mature on 14 March 2023. The Bonds are expected to be quoted on the NZX Debt Market under the ticker code MEL030.

For full details of the offer please see the Terms Sheet.

Lead manager

Co-manager

Co-manager

ANZ
Phone: 0800 269 476  
First NZ Capital
Phone: 0800 005 678  
Forsyth Barr
Phone 0800 367 227

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