The company will offer $100 million of unsecured, unsubordinated, fixed-rate bonds to institutional investors and NZ retail investors.
NBR's Duncan Bridgeman and Craigs Investment Partner's Mark Lister discuss the latest in sharemarket news on NBR Radio and on demand on MyNBR Radio.
Binns says his company has been surprised at the timing.
NBR reporter Jenny Ruth talks about Meridian's result on NBR Radio and on demand on MyNBR Radio.
The electricity sector is racing toward an under-supply of generation following the planned closures of the Otahuhu and Huntly power stations, says Craigs' Grant Swanepoel.