Manawa Energy sets interest rate for retail bond offer

Manawa Energy Limited (Manawa Energy) has today announced that it has set the Interest Rate for its offer of five year, unsecured, unsubordinated, fixed rate bonds (Bonds).

The Interest Rate for the Bonds has been set at 5.36% per annum, which reflects the sum of the Issue Margin of 1.35% per annum plus the Base Rate of 4.01% per annum.

The Exchange Offer will open on Friday, 26 August 2022 and close at 12.00pm on Friday, 2 September 2022.

The Bonds are expected to be issued on Thursday, 8 September 2022 and will mature on 8 September 2027. The Bonds are expected to be quoted on the NZX Debt Market on Friday, 9 September 2022 under ticker code MNW190.

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

A copy of the Final Terms Sheet for the Bonds will be released via NZX shortly after the close of the Exchange Offer.

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