Mercury Green Bond offer – interest rate set

The Mercury Building, 33 Broadway, Newmarket 1023
PO Box 90399, Auckland 1142





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

ANNOUNCEMENT

Mercury Green Bond offer – interest rate set

25 March 2026
– Mercury NZ Limited (
Mercury
) today announced that, following a bookbuild for its
offer of 7 year unsecured, unsubordinated, fixed rate green bonds (
Green Bonds
), $250 million of
Green Bonds have been allocated to participants (or their clients) involved in the bookbuild process.
There was no public pool for the offer.
The interest rate for the Green Bonds has been set at 5.17% per annum. This reflects an issue
margin of 0.95% per annum over the underlying swap rate.
The Green Bonds will be issued on 1 April 2026 and will mature on 1 April 2033.
The Green Bonds are expected to be quoted on the NZX Debt Market under the ticker code MCY080
on 2 April 2026.
A copy of the final terms sheet (updated for the interest rate set out above) will be provided to NZX.
For further details investors can contact one of the Joint Lead Managers or their usual financial advice
provider.
Arranger and Joint Lead Manager


0800 772 142

Joint Lead Managers




09 924 9602 0800 272 442 0800 367 227

ENDS

Howard Thomas
General Counsel and Company Secretary
Mercury NZ Limited


For investor relations queries, please contact:
Paul Ruediger
Head of Business Performance & Investor
For media inquiries, please contact:
Catherine Morab
Reputation and Social Impact Lead

The Mercury Building, 33 Broadway, Newmarket 1023
PO Box 90399, Auckland 1142
Relations
027 517 3470
investor@mercury.co.nz

09 282 1158
mercurycommunications@mercury.co.nz


ABOUT MERCURY NZ LIMITED
Mercury’s generation assets produce electricity from 100% renewable sources: hydro, geothermal
and wind. We’re also a retailer of electricity, gas, broadband and mobile services. We’re listed on the
New Zealand Stock Exchange and the Australian Stock Exchange with the ticker symbol ‘MCY’, with
foreign exempt listed status. The New Zealand Government holds a legislated minimum 51%
shareholding of Mercury.
Visit us at: www.mercury.co.nz