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Mercury NZ Limited (NZX: MCY) Launches Green Bond Offer

Monday 15th March 2021

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Mercury NZ Limited (Mercury) confirmed today that it is offering up to $200 million (with the ability to accept up to an additional $50 million in oversubscriptions at Mercury’s discretion) of 5.5 year unsecured, unsubordinated fixed rate green bonds (Green Bonds).

The offer opens today and is expected to close on 19 March 2021, with the Green Bonds expected to be issued on 29 March 2021.

The indicative issue margin range for the Green Bonds is 0.85% to 1.00% per annum over the underlying swap rate. The interest rate for the Green Bonds will be set following a bookbuild process, which is expected to be completed on 19 March 2021, and announced via NZX shortly thereafter.

The Green Bonds have been rated BBB+ by S&P Global Ratings.

There is no public pool for the offer, with all of the Green Bonds being reserved for clients of the Joint Lead Managers, NZX participants and other approved financial intermediaries.

Full details of the offer are contained in the indicative terms sheet. The indicative terms sheet is attached, is available through www.mercury.co.nz/mcy040 or by contacting a Joint Lead Manager or your usual financial adviser.

Please see the links below for details:

Mercury launches green bond offer

Indicative Terms Sheet

Investor presentation

Source: Mercury NZ Limited



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