STOCK EXCHANGE LISTINGS: NZX (MCY) / ASX (MCY)
NEWS RELEASE
Mercury launches green bond offer
15 March 2021
Mercury NZ Limited (Mercury) confirmed today that it is offering up to $200 million (with the ability to accept up to an additional $50 million in oversubscriptions at Mercury's discretion) of 5.5 year unsecured, unsubordinated fixed rate green bonds (Green Bonds).
The offer opens today and is expected to close on 19 March 2021, with the Green Bonds expected to be issued on 29 March 2021.
The indicative issue margin range for the Green Bonds is 0.85% to 1.00% per annum over the underlying swap rate. The interest rate for the Green Bonds will be set following a bookbuild process, which is expected to be completed on 19 March 2021, and announced via NZX shortly thereafter.
The Green Bonds have been rated BBB+ by S&P Global Ratings.
There is no public pool for the offer, with all of the Green Bonds being reserved for clients of the Joint Lead Managers, NZX participants and other approved financial intermediaries.
Full details of the offer are contained in the indicative terms sheet. The indicative terms sheet is attached, is available throughwww.mercury.co.nz/mcy040or by contacting a Joint Lead Manager or your usual financial adviser.
Copies of the indicative terms sheet and investor presentation have also been provided to NZX with this announcement.
Arranger, Green Bond Co-ordinator for this offer and Joint Lead Manager
0800 772 142
Joint Lead Managers
0800 269 476
0800 226 263
0800 367 227
ENDS | |
Howard Thomas | |
General Counsel and Company Secretary | |
Mercury NZ Limited | |
For investor relations queries, please contact: | For media queries, please contact: |
Tim Thompson | Craig Dowling |
Head of Treasury and Investor Relations | Head of Communications |
0275 173 470 | 0272 105 337 |
ABOUT MERCURY NZ LIMITED |
Mercury's mission is energy freedom. Our purpose is to inspire New Zealanders to enjoy energy in more wonderful ways and our goal is to be New Zealand's leading energy brand. We focus on our customers, our people, our
partners and our country; maintain a long-term view of sustainability; and promote wonderful choices. Mercury is energy made wonderful. Visit us at:www.mercury.co.nz
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Mercury NZ Limited published this content on 15 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 March 2021 09:00:03 UTC.