Meridian Energy offers up to $200 mln in retail bond offer

Sun, 10 Jun 2018

By Rebecca Howard June 11 (BusinessDesk) - Meridian Energy is offering up to $200 million in seven-year unsecured, unsubordinated fixed rate bonds to institutional and New Zealand retail investors. The bonds have a maturity date of June 27, 2025, and the indicative margin for the Bonds is 1.30-to-1.40 percent per annum, subject to a minimum interest rate of 4.20 percent per annum. The margin and interest rate will be set following a bookbuild process on June 15, it said. The offer opens today and will close June 15, following the boo...

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