Meridian Energy launches fixed rate retail bond offer

Meridian Energy Limited (Meridian) announced today that it is offering up to NZ$100,000,000 unsecured, unsubordinated fixed rate bonds (Bonds) to institutional and New Zealand retail investors, with the ability to accept up to $50,000,000 oversubscriptions at Meridian’s discretion.

Full details of the Bond offer are contained in the Terms Sheet, available through www.meridianenergy.co.nz/investors or by contacting the Lead Manager, Co-Managers or an NZX Participant, and must be obtained by investors before they decide to acquire any Bonds.

The Bonds are expected to be quoted on the NZX Debt Market and have a long term credit rating of BBB+ from Standard & Poor's.
The Bonds have a maturity date of 14 March 2023 and the indicative margin for the Bonds is 1.60 to 1.75 percent per annum. The margin (which may be above or below the indicative margin) and interest rate will be set following a bookbuild process on 7 March 2016 and will be announced by Meridian via NZX shortly thereafter.

The offer will close on 7 March 2016 following the bookbuild process, with the Bonds expected to be issued on 14 March 2015.

There is no public pool for the Bonds, which will be reserved for the clients of ANZ, First NZ Capital, Forsyth Barr and NZX participants.

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