Meridian Energy considering $200M retail bond offer

Mon, 04 Jun 2018

By Rebecca Howard June 5 (BusinessDesk) - 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...

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