MEL
01/03/2016 08:36
GENERAL
NOT PRICE SENSITIVE
REL: 0836 HRS Meridian Energy Limited
GENERAL: MEL: 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.
End CA:00278554 For:MEL Type:GENERAL Time:2016-03-01 08:36:48
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