Meridian Energy sets interest rate for its Green Bond offer

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 End CA:00427983 For:MEL Type:OFFER Time:2024-03-14 12:42:42