MCY030 Green Bonds

MCY030 GREEN BONDS.

Mercury’s Green Bonds trade on the NZX Debt Market under the ticker MCY030.

Yellow pencil on a light grey background.

MCY030 BASICS

BBB+ issue credit rating by S&P Global Ratings
1.56% interest rate until 14 September 2027

MCY030 KEY TERMS

ISSUER

Mercury NZ Limited ("Mercury").

INSTRUMENT

Unsecured, unsubordinated fixed rate green bonds ("Green Bonds").

CREDIT RATING

Issue Credit Rating: BBB+ (Mercury has an Issuer Credit Rating of BBB+).

ISSUE AMOUNT

NZ$200m.

TERM

7 years (maturing 14 September 2027).

INTEREST RATE

The Green Bonds will pay a fixed rate of interest from the Issue Date until the Maturity Date. The Interest Rate has been set at 1.56% per annum.

USE OF PROCEEDS

The proceeds of the Green Bonds are intended to be earmarked to finance or refinance new or existing projects and expenditures relating to Eligible Projects in accordance with Mercury’s Green Financing Framework. The proceeds are expected to be primarily earmarked to construction of the Turitea windfarm.

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