Meridian Raises A$400m in Oversubscribed Green Medium Term Note Issue

Meridian Energy Limited ( (MDDNF) ) has issued an announcement.

Meridian Energy Limited has issued A$400 million of fixed rate green medium term notes under its wholesale Australian Medium Term Note programme, carrying a 6.214% coupon and maturing on 31 March 2033. Proceeds will be allocated to green assets in line with Meridian’s Sustainable Finance Framework, reinforcing the company’s strategy of financing renewable energy investments.

The issuance was significantly oversubscribed, enabling Meridian to maintain and deepen diversity in its institutional debt investor base while securing BBB+ rated funding from S&P Global Ratings. Australia and New Zealand Banking Group, Commonwealth Bank of Australia, and Westpac Banking Corporation acted as joint lead managers, underscoring strong bank and investor support for Meridian’s green financing activities.

More about Meridian Energy Limited

Meridian Energy Limited is a New Zealand-incorporated electricity generator and retailer focused on renewable energy. Listed on both the NZX and ASX, the company funds, owns, and operates green energy assets, aligning its capital-raising activities with a Sustainable Finance Framework that targets environmentally focused investments and supports a diversified institutional debt investor base.

For detailed information about MDDNF stock, go to TipRanks’ Stock Analysis page.