Meridian Energy Raises AU$400 Million Through Green Medium-Term Notes

MT Newswires Live

03/31

Meridian Energy (ASX:MEZ, NZE:MEL) has successfully issued AU$400 million in fixed-rate, green medium-term notes under its Australian medium-term note program, according to a Tuesday filing with the New Zealand and Australian bourses.

The notes have a fixed annual coupon of 6.214% and will mature on March 31, 2033, the filing said.

Proceeds will be used to invest in green assets in line with its sustainable finance framework, the filing added.

The company's Australian shares rose 1% in recent Tuesday trade.

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