| Yield/price indicators | |
|---|---|
| Indicative market yield (% pa) | 8.22 |
| Indicative market price (%) | 0.99 |
| Issue details | |
|---|---|
| Issuer | Mercury NZ |
| Amount on issue (NZ$m) | 300.0 |
| Issuer type | Corporate |
| Description | Unsecured Subordinated Debt Securities |
| Security ranking | Subordinated |
| Assumed maturity date | 11 Jul 2024 |
| Legal maturity date | 11 Jul 2024 |
| Credit rating | BB+ |
| Current coupon | 3.60 |
| Coupon type | Fixed Quarterly |
| Next coupon reset date | N/A |
| Coupon reset at | N/A |
| Election/Conversion date | N/A |
| First & future call dates | N/A |
| Margin reset date | N/A |
| Margin reset | N/A |
| NZX Code | MCY020 |
| Holdings - minimum/increments ($) | 5,000/1,000 |
| Issue documentation | N/A |
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