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
28 February 2024

Meridian Energy Limited (
Meridian
) is considering making an offer of up to $200 million (with the
ability to accept oversubscriptions of up to an additional $100 million at Meridian’s discretion) of 6
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, 11 March 2024, 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+.
If the proposed offer is made, the proceeds of the offer will in part be used to refinance Meridian’s
$150 million green bonds (NZX ticker code MEL040) which mature on 20 March 2024, being before
the intended issue date for the new Green Bonds.
Meridian has appointed Craigs Investment Partners Limited and Westpac Banking Corporation (ABN
33 007 457 141) (acting through its New Zealand Branch) as Joint Arrangers and Joint Lead
Managers, and ANZ Bank 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.

meridianenergy.co.nz
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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

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:
Philip Clark
Head of Communications
027 838 5710