Brief: Meridian Energy and Contact Energy Agree Swaption and CfD Deal

Meridian Energy

14/08/2022 21:47

Aug 15 (Reuters) - Meridian Energy Ltd  MEL.NZ :
    * AND CONTACT ENERGY ENTERED INTO SWAPTION AND CONTRACT FOR
DIFFERENCE
    * TWO FINANCIAL CONTRACTS PROVIDE MERIDIAN WITH ADDITIONAL
PORTFOLIO FLEXIBILITY
    * SWAPTION IS LIMITED TO 150GWH PER ANNUM AND MAY BE CALLED
BETWEEN 1 APRIL AND 30 SEPTEMBER FOR EACH OF 2023 AND 2024
    * ALSO PAYS CONTACT A PREMIUM EACH YEAR FOR RIGHT TO CALL
SWAPTION
    * CFD IS FOR 294GWH PER ANNUM AND MERIDIAN IS FIXED PRICE
PAYER

Further company coverage:  MEL.NZ 

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