Mercury considers green bond offer

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The Mercury Building, 33 Broadway, Newmarket 1023

PHONE:
+ 64 9 308 8200
mercury.co.nz
PO Box 90399, Auckland 1142
New Zealand

FAX:
+ 64 9 308 8209



Mercury considers green bond offer
8 March 2021
Mercury NZ Limited (Mercury) is considering making an offer (Offer) of up to $200 million (with the ability to accept
up to an additional $50 million of oversubscriptions at Mercury’s discretion) of 5.5 year unsecured, unsubordinated
fixed rate green bonds (Green Bonds) to institutional investors and New Zealand retail investors.
It is expected that full details of the Offer will be released in the week commencing 15 March 2021, when the Offer
is expected to open.
Mercury has a corporate credit rating from S&P Global Ratings of BBB+ (stable outlook). The Green Bonds are
expected to be assigned a credit rating of BBB+.
The proceeds of the Green Bonds are intended to be earmarked to finance and refinance Eligible Projects in
accordance with Mercury’s Green Financing Framework dated August 2020.
In relation to the Offer, Mercury has appointed Westpac Banking Corporation (ABN 33 007 457 141) (acting
through its New Zealand branch) (Westpac) as Arranger and Green Bond Co-ordinator, and ANZ Bank New
Zealand Limited, Craigs Investment Partners Limited, Forsyth Barr Limited and Westpac as Joint Lead Managers.
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.
Investors can register their interest by contacting a Joint Lead Manager or their usual financial adviser.
This Offer is being made in accordance with the Financial Markets Conduct Act 2013 and the Green Bonds are
expected to be quoted on the NZX Debt Market.
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

STOCK EXCHANGE LISTINGS: NZX (MCY) / ASX (MCY)

NEWS RELEASE

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ENDS
Howard Thomas
General Counsel and Company Secretary
Mercury NZ Limited

For investor relations queries, please contact:
Tim Thompson
Head of Treasury and Investor Relations
0275 173 470
For media queries, please contact:
Craig Dowling
Head of Communications
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