Mercury planning 5.5-year green bond

On 8 March, Mercury NZ (BBB+ by S&P) announced plans for a NZ$200-250 million (US$143.4-179.3 million), 5.5-year, green-bond transaction for institutional and retail investors. Full details for the deal are expected to be revealed in the week beginning 15 March. Westpac Banking Corporation New Zealand Branch is arranger and green-bond co-ordinator, as well as joint lead manager with ANZ, Craigs Investment Partners and Forsyth Barr.