Meridian Energy considering $200M retail bond offer

Meridian Energy is considering offering up to $200 million of seven-year unsecured, unsubordinated fixed rate bonds to institutional and New Zealand retail investors. 

The bond offer would be for $150 million with the ability to accept up to $50 million in oversubscriptions and Meridian said it expects to announce full details of the offer next week when the offer is expected to open.  It didn't provide any details about what the funds would be used for and didn't immediately respond to a request for comment. 

Meridian has appointed ANZ Bank New Zealand and Westpac Banking Corporation (acting through its New Zealand branch) as joint lead managers and Deutsche Craigs and Forsyth Barr as Co-Managers in relation to the bond offer. 

Meridian had total borrowings of $1.16 billion as at Dec. 31 versus $1.19 billion a year earlier.

Meridian shares last traded at $3.06 and have lifted 5.5 percent so far this year. 

(BusinessDesk)

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PEB - Chair to Seek Re-Election; Director Nominations
Devon Funds Morning Note - 16 June 2025
TRU - Key Markets Update
THL receives unsolicited non-binding offer
June 16th Morning Report
CHATHAM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Radius Care Upgrades FY26 Outlook
June 13th Morning Report
June 12th Morning Report
PGW Governance Update