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MarketScreener Homepage  >  Equities  >  NEW ZEALAND STOCK EXCHANGE  >  Meridian Energy Ltd    MEL   NZMELE0002S7

MERIDIAN ENERGY LTD (MEL)
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Meridian Energy : confirms Issue Size, Interest Rate and closes its Offer

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06/15/2018 | 06:04am CEST

Meridian Energy Limited today announced that following strong investor demand for its issue of fixed rate
bonds (Bonds), it has set the issue size at NZ$200,000,000, accepting oversubscriptions of NZ$50,000,000.

The margin for the Bonds has been set at 1.30 percent per annum and the interest rate has been set at 4.21
percent per annum.

All of the Bonds have been allocated to intermediaries for distribution to their clients and there will be no
public pool available.

The Bonds will be issued on 27 June 2018 and will mature on 27 June 2025. The Bonds are expected to be
quoted on the NZX Debt Market under the ticker code MEL050.

The full details of the offer are contained in the Terms Sheet which is attached.

ENDS
Neal Barclay
Chief Executive
Meridian Energy Limited

For investor relations queries, please contact: For media queries, please contact:

Owen Hackston
Investor Relations Manager
021 246 4772

Polly Atkins
External Communications Specialist
021 174 1715

Disclaimer

Meridian Energy Limited published this content on 15 June 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 June 2018 04:02:01 UTC

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Financials (NZD)
Sales 2018 2 820 M
EBIT 2018 393 M
Net income 2018 267 M
Debt 2018 1 353 M
Yield 2018 6,03%
P/E ratio 2018 30,19
P/E ratio 2019 27,09
EV / Sales 2018 3,36x
EV / Sales 2019 3,48x
Capitalization 8 125 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Average target price 2,98  NZD
Spread / Average Target -6,0%
EPS Revisions
Managers
NameTitle
Neal Barclay Chief Executive Officer
Christopher John David Moller Chairman
Paul Chambers Chief Financial Officer
Peter David Wilson Deputy Chairman
Anake Angus Murray Goodall Independent Non-Executive Director
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