Mercury green bond offer – interest rate set

4 September 2020 - Mercury NZ Limited (Mercury) today announced that, following a bookbuild for its offer of 7 year unsecured, unsubordinated fixed rate green bonds (Green Bonds), $200 million of Green Bonds have been allocated to participants (or their clients) in the bookbuild process. There was no public pool for the offer. The interest rate for the Green Bonds has been set at 1.56% per annum. This reflects a margin of 1.25% per annum over the underlying swap rate. The Green Bonds will be issued on Monday 14 September 2020 and will mature on Tuesday 14 September 2027. The Green Bonds are expected to be quoted on the NZX Debt Market under the ticker code MCY030. Details of the offer are contained in Mercury's Product Disclosure Statement (PDS). To obtain a free copy of the PDS for the Green Bonds, investors should contact one of the Joint Lead Managers listed below, or their usual financial adviser. A copy of the PDS is also available at www.mercury.co.nz/green-bonds. A copy of the final terms sheet has been provided to NZX with this announcement. 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:00359278 For:MCY Type:OFFER Time:2020-09-04 13:53:26