Mercury to redeem MCY020 Capital Bonds

Mercury NZ Limited (Mercury) announces that it is exercising its right to fully redeem its NZ$300 million of subordinated capital bonds (NZDX ticker code: MCY020) (MCY020 Bonds). The redemption will occur in accordance with the trust deed for the MCY020 Bonds on the first reset date, 11 July 2024.

Holders of the MCY020 Bonds will be entitled to receive the principal amount (NZ$1.00) of each MCY020 Bond held, together with accrued and unpaid interest up to the first reset date.

Mercury will notify all the holders of the MCY020 Bonds of this decision. A template letter is attached to this announcement.

ENDS

Howard Thomas
General Counsel and Company Secretary
Mercury NZ Limited

For investor relations queries, please contact:
Paul Ruediger
Head of Business Performance & Investor Relations
027 517 3470
[email protected]

For media queries, please contact:
Shannon Goldstone
Reputation and Social Impact Lead
027 210 5337
[email protected]

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Announcement PDF