WEATHER EVENT

MetService has advised that the North Island is expected to be impacted by Cyclone Vaianu between Saturday and Monday. Electricity supply may be affected during severe weather events. We recommend having an emergency response plan ready, in case it is needed. Take care and stay safe. For further weather updates, please visit MetService.

 

Mercury's Green Bonds

MCY080 GREEN BONDS

Mercury's Green Bonds trade on the NZX Debt Market under the ticker MCY080. 
VIEW TERMS SHEET
Yellow pencil

MCY080 BASICS

  • BBB+ issue credit rating by S&P Global Ratings
  • 5.17% interest rate until 1 April 2033

KEY TERMS

ISSUER Mercury NZ Limited (Mercury).
INSTRUMENT Unsecured, unsubordinated, fixed rate green bonds (Green Bonds).
ISSUE CREDIT RATING BBB+ (Mercury has an Issuer Credit Rating of BBB+).
ISSUE AMOUNT NZ$250m
TERM 7 years (maturing 1 April 2033).
INTEREST RATE 5.17% per annum. 
USE OF PROCEEDS 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

FINAL terms sheet
VIEW HERE
green financing framework
VIEW HERE
CBI CERTIFICATE
VIEW HERE
MASTER TRUST DEED
VIEW HERE
Supplemental Trust Deed
VIEW HERE
Roadshow presentation
VIEW HERE