Meridian offers $150M in bonds as key Tiwai Point decision looms

Wed, 24 Feb 2016

By Pattrick Smellie Feb. 24 (BusinessDesk) - Meridian Energy is considering a retail offer of up to $150 million of unsecured, unsubordinated fixed rate bonds to institutional and retail investors in early March, which is shaping as a crucial month for decisions on the future of its largest customer, the Tiwai Point aluminium smelter. No funds are being sought for the bond offer yet and ANZ has been appointed as lead manager, co-managed by First NZ Capital and Forsyth Barr, but Meridian chief executive Mark Binns urged institutional analy...

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