Mercury NZ Limited (NZX: MCY) Green Bond Offer Interest Rate Set

Mercury NZ Limited today announced that, following a bookbuild for its offer of 5.5 year unsecured, unsubordinated fixed rate green bonds (Green Bonds), $200 million of Green Bonds have been allocated to participants (or their clients) in the bookbuild process. There was no public pool for the offer.

The interest rate for the Green Bonds has been set at 2.16% per annum. This reflects a margin of 0.85% per annum over the underlying swap rate.

The Green Bonds will be issued on 29 March 2021 and will mature on 29 September 2026.

The Green Bonds are expected to be quoted on the NZX Debt Market under the ticker code MCY040.

Please see the link below for details:

Mercury green bond offer – interest rate set

Final Terms Sheet

Source: Mercury NZ Limited

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report