Meridian Energy
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.
Investor demand drives price tighter for Meridian’s inaugural green bond
Meridian Energy’s retail green bond priced the day before the Silicon Valley Bank crisis hit newsstands. Market participants say the deal’s result provides further proof of the strength of New Zealand’s retail corporate bond market. Global primary markets have been all but shut since the shock, but Kiwi Property Group proceeded with its launch on 14 March, suggesting the New Zealand retail market is pushing ahead.
Meridian prices NZ$200 million green bond
Meridian tightens price guidance on green bond offer
Meridian launches NZ$150 million retail green bond
Meridian lining up retail green-bond offer
