Mercury revises indicative margin range for green bond

2 September 2020 - As announced on Friday 21 August 2020, Mercury NZ Limited (Mercury) is offering up to NZ$150,000,000 (with the ability to accept up to NZ$50,000,000 in oversubscriptions) of 7 year unsecured, unsubordinated, fixed rate bonds (Green Bonds) to institutional investors and New Zealand retail investors. Following this, on Monday 31 August 2020, Mercury announced an indicative margin range for the Green Bonds. Subsequent to that announcement Mercury has today revised the indicative margin range to 1.25% to 1.35% 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 Friday 4 September 2020, and announced via NZX shortly thereafter. Full details of the offer are contained in the Product Disclosure Statement (PDS). The PDS is available through www.mercury.co.nz/green-bonds or by contacting a Joint Lead Manager or your usual financial adviser, and must be obtained by investors before they decide to acquire any Green Bonds. Arranger, Green Bond Co-ordinator and Joint Lead Manager - ANZ Bank of New Zealand. Joint Lead Managers - Bank of New Zealand, Craigs Investment Partners Limited, and Forsyth Barr Limited. ENDS For further information: Media - Craig Dowling 0272 105 337 Investors - William Meek 0275 173 470 End CA:00359129 For:MCY Type:OFFER Time:2020-09-02 13:34:12