Meridian Energy sets interest rate for its Green Bond offer

  • Investor news

Meridian Energy Limited (Meridian) has today announced that it has set the Interest Rate for its $300 million offer of 6 year unsecured, unsubordinated, fixed rate green bonds (Green Bonds).

The Interest Rate for the Green Bonds has been set at 5.40% per annum. This is the sum of the Issue Margin of 1.05% per annum and the Base Rate.

The Green Bonds will be issued on Thursday, 21 March 2024 and will mature on Thursday, 21 March 2030.

The Green Bonds will be quoted on the NZX Debt Market under the ticker code MEL070 on Friday, 22 March 2024.

A copy of the final terms sheet (updated for the Interest Rate set out above) will be provided to the NZX.

For further details investors can contact one of the Joint Lead Managers (listed below) or their usual financial adviser.

Joint Lead Managers:

ANZ Bank New Zealand Limited: 0800 269 476
Craigs Investment Partners Limited: 0800 226 263
Forsyth Barr Limited: 0800 367 227
Westpac Banking Corporation (ABN 33 007 457 141) (acting through its New Zealand Branch) 0800 772 142


Neal Barclay

Chief Executive
Meridian Energy Limited

For investor relations queries, please contact:
Owen Hackston
Investor Relations Manager
021 246 4772
For media queries, please contact:
Philip Clark
Head of Communications
027 838 5710