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Green Bonds.

Green Bonds.

Mercury’s Green Bonds trade on the NZX Debt Market under the ticker MCY030.



 

MCY030 Basics.

MCY030 Basics.


BBB+ issue credit rating by S&P Global Ratings

1.56% interest rate until 14 September 2027

MCY030 Key terms.

MCY030 Key terms.

Issuer.

Mercury NZ Limited ("Mercury").

Instrument.

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

Credit Rating.

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

Issue Amount.

NZ$200m.

Term.

7 years (maturing 14 September 2027).

Interest Rate.

The Green Bonds will pay a fixed rate of interest from the Issue Date until the Maturity Date. The Interest Rate has been set at 1.56% 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 Eligible Projects in accordance with Mercury’s Green Financing Framework. The proceeds are expected to be primarily earmarked to construction of the Turitea windfarm.

Information

More info.

Product Disclosure Statement (PDS)

View the PDS here.

Green Financing Framework

View here.

Final term sheet

Read here.

CBI Certificate

View here.

Master Trust Deed

View here.

Supplemental Trust Deed

View the Deed here.

Roadshow presentation

See the presentation here.

DNV GL assurance opinion

View here.