Meridian Energy considers Green Bond Offer

Release






Meridian Energy Limited (ARBN 151 800 396) A company incorporated in New Zealand
287- 293 Durham Street North, Christchurch 8013

meridianenergy.co.nz
Stock Exchange Listings NZX (MEL) ASX (MEZ)
Meridian Energy considers Green Bond offer
27 February 2023
Meridian Energy Limited (
Meridian
) is considering making an offer of up to $150 million (with the
ability to accept oversubscriptions of up to an additional $50 million at Meridian’s discretion) of 5.5
year unsecured, unsubordinated, fixed rate green bonds (
Green Bonds
) to institutional and New
Zealand retail investors.
It is expected that full offer details will be released on Monday, 6 March 2023, when the offer is
expected to open.
Meridian has an Issuer Credit Rating from S&P Global Ratings of BBB+ (stable outlook). The Green
Bonds are expected to be assigned an Issue Credit Rating of BBB+.
Meridian’s existing $150 million (MEL030) bonds mature on the 14 March 2023. The expected Issue
Date for the Green Bonds follows this maturity date. Investors in the Green Bonds who own MEL030
bonds are expected to receive the proceeds from the maturity of those bonds before the expected
Issue Date for the Green Bonds.
Meridian has appointed ANZ Bank New Zealand Limited and Craigs Investment Partners Limited as
Joint Arrangers and Joint Lead Managers, and Bank of New Zealand and Forsyth Barr Limited as
Joint Lead Managers in relation to the proposed offer.
Investors can register their interest in the proposed offer by contacting a Joint Lead Manager as
detailed below, or their usual financial adviser. Indications of interest will not involve an obligation or
commitment to acquire any Green Bonds.
No money is currently being sought and Green Bonds cannot currently be applied for or acquired. If
the proposed offer is made, it will be made in accordance with the Financial Markets Conduct Act
2013 as an offer of debt securities of the same class as existing quoted debt securities. Application
will be made to NZX for any Green Bonds to be quoted on the NZX Debt Market on completion of the
offer.
Joint Lead Managers:
ANZ Bank New Zealand Limited: 0800 269 476
Bank of New Zealand: 0800 284 017
Craigs Investment Partners Limited: 0800 226 263
Forsyth Barr Limited: 0800 367 227
ENDS
Neal Barclay

Chief Executive Officer
Meridian Energy Limited

meridianenergy.co.nz
PG 2

For investor relations queries, please contact:
Owen Hackston
Investor Relations Manager
021 246 4772
For media queries, please contact:
Rheilli Uluilelata
External Communications Manager
022 589 1052