MEL
07/03/2016 15:17
INTEREST
NOT PRICE SENSITIVE
REL: 1517 HRS Meridian Energy Limited
INTEREST: MEL: 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.
The full details of the offer are contained in the Terms Sheet which is
attached.
End CA:00278893 For:MEL Type:INTEREST Time:2016-03-07 15:17:14
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