Meridian Energy finalizes terms for NZ$350m green bond offer

Meridian Energy Limited has announced the final terms sheet for its NZ$350 million offer of 6.5-year unsecured, unsubordinated, fixed-rate green bonds. The green bonds will carry an interest rate of 4.55% per annum, calculated as a 1.00% per annum issue margin plus the base rate. The bonds are scheduled for issuance on Thursday, 11 September 2025, and will mature on Thursday, 11 March 2032.

The green bonds will be quoted on the NZX Debt Market under the ticker code MEL080 starting Friday, 12 September 2025. Investors seeking further details can contact the joint lead managers—Bank of New Zealand, Craigs Investment Partners Limited, Forsyth Barr Limited, and Westpac Banking Corporation—or their financial advice provider.

The announcement was authorized for release by Jason Woolley, general counsel and company secretary.