Mercury’s Capital Bonds trade on the NZX Debt Market under the ticker MCY020.
BB+ Standard & Poor’s issue credit rating
3.6% Interest rate until 11 July 2024
11 JULY 2049 Maturity Date unless redeemed earlier
Unsecured, subordinated, redeemable, cumulative, interest bearing debt obligation.
Standard & Poor’s issue credit rating of BB+
Pays 3.6% until 11 July 2024. The interest rate will be reset every five years.
11 January, 11 April, 11 July and 11 October of each year and ending in the Maturity Date.
Any time for up to five years.
11 July 2024 and every fifth anniversary of that date.
11 July 2049 unless redeemed earlier.
Any reset Date, any interest Payment Date if a Successful Election Process has not been undertaken in respect of that Reset Date, on a Tax event or Rating Agency Event if the outstanding amount of the Capital Bonds is less than $100 million.
See the current price of Capital Bonds.
View the Amended and Restated Master Trust Deed and Supplementary Trust Deed.
View the Terms Sheet