Mercury capital bond offer – books closed

Following the bookbuild process for its capital bond offer, Mercury NZ Limited (Mercury) confirmed today that the offer has closed and $250 million of capital bonds (Capital Bonds) have been allocated to the participants (or their clients) in the bookbuild process. This includes oversubscriptions of $50 million. There was no public pool for the offer.

The margin for the Capital Bonds has been set at 1.70% per annum. The interest rate for the Capital Bonds to the First Reset Date (13 May 2027) will be announced later today along with the release of the final terms sheet.

For further details investors can contact the Joint Lead Managers (details below) or their usual financial adviser.

Joint Lead Managers:

BNZ - 0800 284 017
Craigs Investment Partners Limited - 0800 226 263
Forsyth Barr Limited - 0800 367 227

ENDS

Howard Thomas
General Counsel and Company Secretary
Mercury NZ Limited

For investor relations queries, please contact:
William Meek
Chief Financial Officer
0275 173 470

For media queries, please contact:
Shannon Goldstone
Head of Communications
Media phone: 027 210 5337

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Announcement PDF