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MCY050 CAPITAL BONDS.

Mercury’s Capital Bonds trade on the NZX Debt Market under the ticker MCY050.
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MCY050 BASICS

  • 5.73% interest rate until 13 May 2027
  • BB+ S&P Global's issue credit rating
  • 13 May 2052 Maturity Date unless redeemed earlier

MORE INFO

TERMS SHEET
VIEW THE TERMS SHEET
SUPPLEMENTAL TRUST DEED
VIEW THE DEED HERE
MASTER TRUST DEED
VIEW HERE
ROADSHOW PRESENTATION
See the presentation here

MCY050 KEY TERMS

INSTRUMENT Unsecured, subordinated, redeemable, cumulative, interest bearing debt securities.
CREDIT RATING Standard & Poor’s issue credit rating of BB+
INTEREST RATE Pays 5.73% until 13 May 2027. The interest rate will be reset every five years.
INTEREST PAYMENT DATES 13 February, 13 May, 13 August and 13 November of each year and ending on the Maturity Date.
DEFERRAL OF INTEREST Any time for up to five years.
RESET DATES 13 May 2027 and every fifth anniversary of that date.
MATURITY DATE 13 May 2052 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.