Renewable energy · MEL060 · as at 2 Sept 2026
Meridian Energy Green Bond, 2032
New Zealand's largest renewable generator, issuing certified green debt against hydro and wind assets.
Indicative yield to maturity
5.86%
Coupon at issue
6.00%
Interest paid
Quarterly
- Issuer
- Meridian Energy
- NZX code
- MEL060
- Sector
- Renewable energy
- Maturity
- March 2032
- Ranking
- Senior unsecured
- Currency
- NZD
- Typical minimum parcel
- $5,000
- Green / sustainable
- Yes — proceeds are ring-fenced under a published framework
All figures are indicative only and stated in New Zealand dollars as at 2 Sept 2026. The coupon is fixed at issue; the yield to maturity depends on the market price you pay and moves daily. Confirm every figure in the issuer's own offer and terms documents before investing.
About this bond
Meridian Energy is the country's largest electricity generator and operates exclusively renewable assets, including the Waitaki hydro scheme and wind farms on both islands. Its green bond programme is certified and reported against annually.
As an investment-grade rated, majority Crown-owned gentailer, Meridian sits among the stronger corporate credits available to retail investors in New Zealand dollars.
The 2032 line pays quarterly interest and trades on the NZX Debt Market through a sharebroker, in parcels from $5,000.
Buying and selling before maturity
Meridian Energy Green Bond, 2032 is bought and sold through a New Zealand sharebroker rather than direct from the issuer. You pay the prevailing market price plus brokerage, which is why the yield to maturity above differs from the 6.00% coupon.
Held to March 2032, you receive the scheduled interest and face value at maturity, assuming the issuer meets its obligations. Sold earlier, you receive whatever the market pays that day — higher if interest rates have fallen, lower if they have risen. Listed does not guarantee liquid, so the prudent assumption is that you hold to maturity.
This bond ranks as senior unsecured. Ranking determines where you stand relative to other creditors if the issuer runs into trouble, and it matters more than the headline rate.
Indicative yield to maturity · MEL060
5.86%
Indicative only and subject to market pricing and availability. Ask for the current offer documents and we'll include the free NZ Bond Buyer's Guide.
Free · no obligation
Ask for the current terms on MEL060
5.86%
Indicative yield to maturity on Meridian Energy Green Bond, 2032. The coupon set at issue is 6.00%. Yields move with market pricing and are not guaranteed.
Leave your details and a licensed New Zealand or Australian broker will send the current price, indicative yield and offer documents for MEL060, plus the free NZ Bond Buyer's Guide. This is an enquiry only.
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All figures are indicative, in New Zealand dollars, as at 2 Sept 2026. Yield to maturity moves with the market price you pay and will differ from the coupon. Confirm current terms in the issuer's offer documents before investing.
Not sure how the quoted yield translates into dollars in your account? Bond yields explained walks through coupon, running yield and yield to maturity with worked numbers.