Quotation Notice: Mercury NZ Limited ("MCY050")

OFFER

Thu, May 05 2022 04:54 pm

QUOTATION NOTICE: NZX DEBT MARKET MERCURY NZ LIMITED BOND (“MCY050”)

Company: Mercury NZ Limited (“MCY”)

Security Code: MCY050

ISIN: NZMCYDG005C3

Details of Issue: NZ $250 million of subordinated, unsecured
capital bonds

Opening Date: Monday, 2 May 2022

Closing Date: Thursday, 5 May 2022

Maturity Date: Monday, 13 May 2052

Interest Rate: 5.73% p/a

Rate Rest Date: The First Reset Date is 13 May 2027. Thereafter there is a further Reset Date every five years.

Interest Payment Dates: 13 February, 13 May, 13 August and 13 November of each year up to and including the Maturity Date

Date of First Interest Payment: Saturday, 13 August 2022 (as this date falls on a weekend, payments due on this date will be made on the following business day being Monday, 15 August 2022)

First Interest Paid To: Holder on Record Date

Record Date: 10 calendar days prior to the relevant Payment Date

Minimum Application Amount: $5,000 and in multiples of $1,000 thereafter

Minimum Holding: $5,000

Minimum Transferable Amount: $1,000

Face Value: NZ$1.00

Supervisor: The New Zealand Guardian Trust Company Limited

Lead Manager: Forsyth Barr Limited as Arranger and Joint Lead Manager.

Bank of New Zealand and Craigs Investment Partners Limited as
Joint Lead Manager.

Trust Deed Dated: Master Trust Deed dated 4 April 2003 (as amended from time to time) and Supplemental Trust Deed dated 2 May 2022

Issue Date: Friday, 13 May 2022

Registrar: Computershare Investor Services Limited (“RMLT”)

Settlement Status: NZCDC Settlement System

Expected Commencement of Trading on the NZX Debt Market: Monday, 16 May 2022

Mark Peterson
Chief Executive Officer
NZX Limited

05 April 2022