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MCY070 CAPITAL BONDS.

Mercury’s Capital Bonds trade on the NZX Debt Market under the ticker MCY070.

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MCY070 BASICS

  • 6.42% interest rate until 11 July 2029.
  • BB+ S&P Global's issue credit rating.
  • 11 July 2054 Maturity Date unless redeemed earlier.

MORE INFO

Terms Sheet
VIEW HERE
MASTER TRUST DEED
VIEW HERE
SUPPLEMENTAL TRUST DEED
VIEW HERE
ROADSHOW PRESENTATION
VIEW HERE

MCY070 KEY TERMS

INSTRUMENT Unsecured, subordinated, redeemable, cumulative, interest bearing debt securities.
CREDIT RATING

Standard & Poor’s issue credit rating of BB+.

 

INTEREST RATE

Pays 6.42% until 11 July 2029. 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 on the Maturity Date.
DEFERRAL OF INTEREST Any time for up to five years.
RESET DATES 11 July 2029 and every fifth anniversary of that date.
MATURITY DATE 11 July 2054 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.