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Capital Bonds.

Capital Bonds.

Mercury’s Capital Bonds trade on the NZX Debt Market under the ticker MCY020.

MCY020 Basics.

MCY020 Basics.


BB+ Standard & Poor’s issue credit rating

3.6% Interest rate until 11 July 2024

11 JULY 2049 Maturity Date unless redeemed earlier

MCY020 Key terms.

MCY020 Key terms.

Status.

Unsecured, subordinated, redeemable, cumulative, interest bearing debt obligation.

Credit Rating.

Standard & Poor’s issue credit rating of BB+

Interest Rate.

Pays 3.6% until 11 July 2024. The interest rate will be reset every five years.

Interest Payment Dates.

11 January, 11 April, 11 July and 11 October of each year and ending in the Maturity Date.

Deferral of Interest.

Any time for up to five years.

Reset Dates.

11 July 2024 and every fifth anniversary of that date.

Maturity Date.

11 July 2049 unless redeemed earlier.

Optional Early Redemption by the Company.

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.

Information

More info.

NZX Debt Market.

See the current price of Capital Bonds.

Master Trust Deed.

View the Amended and Restated Master Trust Deed and Supplementary Trust Deed.

Terms Sheet.