MCY060 Green Bonds

MCY060 GREEN BONDS.

Mercury’s Green Bonds will trade on the NZX Debt Market from 20 June 2023 under the ticker MCY060.

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MCY060 BASICS

BBB+ issue credit rating by S&P Global Ratings
5.64% interest rate until 19 June 2028

MCY060 Key Terms

ISSUER

Mercury NZ Limited (Mercury).

INSTRUMENT

Unsecured, unsubordinated fixed rate green bonds (Green Bonds).

ISSUE CREDIT RATING

BBB+ (Mercury has an Issuer Credit Rating of BBB+).

ISSUE AMOUNT

NZ $150m

TERM

5 years (maturing 19 June 2028).

INTEREST RATE

5.64% per annum.

USE OF PROCEEDS

The proceeds of the Green Bonds are intended to be earmarked to finance or refinance new or existing projects and expenditures relating to renewable energy and other eligible projects, in accordance with Mercury’s Green Financing Framework.

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