Mercury Capital Bond offer – interest rate set

Mercury Sets Interest Rate for Capital Bonds Mercury NZ Limited (Mercury) today announced that, following a successful bookbuild for its offer of unsecured, subordinated capital bonds (Capital Bonds), $350 million of Capital 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 Capital Bonds to the First Reset Date (11 July 2029) has been set at 6.42% per annum. The Capital Bonds will be issued on 11 July 2024 and quoted on the NZX Debt Market under the ticker code MCY070 on 12 July 2024. As a result of the successful bookbuild process, Mercury will redeem its existing capital bonds quoted on the NZX Debt Market under the ticker code MCY020 on 11 July 2024. Mercury will issue a formal notice of redemption to MCY020 bondholders today. A copy of the final terms sheet (updated for the interest rate set out above) will be provided to NZX. For further details investors can contact one of the Joint Lead Managers (details below) or their usual financial adviser. Joint Lead Managers BNZ - 0800 284 017 Craigs Investment Partners - 0800 226 263 Forsyth Barr - 0800 367 227 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 investor@mercury.co.nz For media queries, please contact: Shannon Goldstone Reputation and Social Impact Lead 027 210 5337 mercurycommunications@mercury.co.nz End CA:00433613 For:MCY Type:OFFER Time:2024-06-27 13:09:29