Revised indicative Issue Margin range for 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 revises the indicative Issue Margin range
for its Green Bond Offer
8 March 2023
On Monday, 6 March 2023, Meridian Energy Limited (
Meridian
) announced it is offering 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.
Subsequent to that announcement, Meridian has today revised the indicative Issue Margin range to
1.05% to 1.10% per annum over the Base Rate. The minimum Interest Rate remains unchanged at
5.70% per annum.
The Issue Margin and Interest Rate for the Green Bonds will be set following a bookbuild process,
which is expected to be completed on Thursday, 9 March 2023, and announced via NZX shortly
thereafter.
There is no public pool for the offer, with all of the Green Bonds to be reserved for clients of the Joint
Lead Managers, other primary market participants and institutional investors.
Details of the offer are contained in the indicative terms sheet. The indicative terms sheet is available
at www.meridianenergy.co.nz/about-us/investors/reports/retail-bond-documents or by contacting one
of the Joint Lead Managers (listed below) or your usual financial adviser.
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

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