NEW ISSUES & OFFERS

MERCURY NEW ZEALAND LIMITED

CAPITAL BOND OFFER DETAILS

Mercury NZ Limited (Mercury) has announced an offer of up to $300 million of unsecured, subordinated capital bonds (Capital Bonds). The Capital Bonds have a term of 30 years, maturing in July 2049, with the first reset date in July 2024 and thereafter every five years. On each reset date Mercury may offer new terms and conditions through an election process, may reset at the step-up margin, or may redeem.

Find out more in the Indicative Terms Sheet.

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