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.