Meridian Energy Limited. has completed the private placement of 8% unsecured, unsubordinated fixed rate bonds due March 20, 2024, for gross proceeds of NZD 150 million (USD 105.57 million). The placement was subscribed to by institutional and New Zealand retail investors. The bonds were issued at a price of NZD 1 (USD 0.7) per bond. Bank of New Zealand and Westpac Banking Corporation (New Zealand branch) acted as joint lead managers; and Deutsche Craigs Limited acted as co-manager to the company for the offering. The company intends to use the proceeds for general corporate purposes.