Mercury’s Green Bonds trade on the NZX Debt Market under the ticker MCY040.
BBB+ issue credit rating by S&P Global Ratings
2.16% interest rate until 29 September 2026
Mercury NZ Limited (“Mercury”).
Unsecured, unsubordinated fixed rate green bonds (“Green Bonds”).
Issue Credit Rating: BBB+ (Mercury has an Issuer Credit Rating of BBB+).
5.5 years (maturing 29 September 2026).
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 2.16% 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 renewable energy and other eligible projects, in accordance with Mercury’s Green Financing Framework.
View the Deed here.
See the presentation here.