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MCY080 GREEN BONDS
Mercury's Green Bonds trade on the NZX Debt Market under the ticker MCY080.
MCY080 BASICS
- BBB+ issue credit rating by S&P Global Ratings
- 5.17% interest rate until 1 April 2033
KEY TERMS
Mercury NZ Limited (Mercury).
Unsecured, unsubordinated, fixed rate green bonds (Green Bonds).
BBB+ (Mercury has an Issuer Credit Rating of BBB+).
NZ$250m
7 years (maturing 1 April 2033).
5.17% per annum.
The proceeds of the Green Bonds are intended to be notionally allocated 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. Mercury expects to apply the proceeds of the Green Bonds to refinance existing debt.
MORE INFORMATION