Revised indicative margin for retail bond offer

On 22 August 2022, Manawa Energy Limited (Manawa Energy) announced an offer (Offer) of five year, unsecured, unsubordinated, fixed rate bonds (Bonds).

Subsequent to that announcement, Manawa Energy has today revised the indicative Issue Margin range to be 1.35% to 1.40% per annum.

The actual Issue Margin (which may be above or below the revised indicative Issue Margin range referred to above) and the Interest Rate on the Bonds will be announced via NZX on Thursday, 25 August 2022 following completion of a bookbuild process. The minimum Interest Rate remains unchanged at 5.00% per annum.

Full details of the Offer are contained in the Indicative Terms Sheet, which was attached to the Offer launch announcement issued by Manawa Energy on 22 August 2022 and is available via NZX.

For further details, investors can contact a Joint Lead Manager or their usual financial adviser.

Joint Lead Managers:

ANZ Bank New Zealand Limited
Craigs Investment Partners Limited
Forsyth Barr Limited

For all investor relations and media enquiries, please contact: Phil Wiltshire, General Manager Corporate Services [email protected] / 027 582 6600

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Announcement PDF