Meridian Energy

Wednesday, 02 September 2020
Oct/Nov 2020

Meridian rolls out all-green financing strategy

Meridian Energy became the latest New Zealand corporate issuer to certify its entire debt programme under environmental criteria, with the 26 August launch of its green financing programme. All Meridian’s debt instruments – a book totalling NZ$1.8 billion (US$1.2 billion) – are covered by the programme, which means its existing and, potentially, future domestic and US private placement issuance is now in green-bond format.

Sunday, 14 March 2021
Feb/Mar 2021 IWI Supplement

Australasian sustainable finance reaching the tipping point

Sustainability can no longer be ignored by capital-market practitioners – according to participants at a February roundtable discussion hosted by KangaNewsCommonwealth Bank of Australia and Westpac Institutional Bank. Deal flow is likely to increase as a result, but the consequences are vastly wider and deeper.

Sunday, 19 January 2020
Dec/Jan 2019/20 IWI supplement

A sustainable market takes shape in New Zealand

New Zealand's green, social and sustainability (GSS) bond market grew substantially in 2019 but is still concentrated around a fw repeat issuers. At the KangaNews-Westpac New Zealand Sustainable Finance Summit in Auckland in November 2019, market participants discussed developments in the GSS market and the wider application of sustainability.

Sunday, 10 June 2018

Meridian Energy launches seven-year domestic deal

Meridian Energy (BBB+/S&P) launched its NZ$150-200 million (US$105.4-140.5 million) seven-year domestic transaction to institutional and retail investors on 11 June. The forthcoming deal has an indicative margin of 130-140 basis points over swap, with the final margin and interest rate to be set following a bookbuild scheduled to take place on 15 June.

Monday, 04 June 2018

Meridian Energy plans seven-year domestic transaction

On 5 June, Meridian Energy (BBB+/S&P) began taking indications of interest for a NZ$150-200 million (US$105.4-140.6 million) seven-year domestic deal. The transaction is being offered to institutional and retail investors and is expected to open in the week beginning 11 June.

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