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Mercury’s Green Bonds trade on the NZX Debt Market under the ticker MCY030.
BBB+ issue credit rating by S&P Global Ratings
1.56% interest rate until 14 September 2027
Mercury NZ Limited ("Mercury").
Unsecured, unsubordinated fixed rate green bonds ("Green Bonds").
Issue Credit Rating: BBB+ (Mercury has an Issuer Credit Rating of BBB+).
7 years (maturing 14 September 2027).
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.
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.
View the PDS here.
View the Deed here.
See the presentation here.