Mercury allocates $250m in oversubscribed seven-year green bond offer

Mercury NZ ( (MGHTF) ) has issued an announcement.

Mercury NZ Limited, a 100% renewable electricity generator and multi-utility retailer listed on the NZX and ASX, operates across hydro, geothermal and wind generation while also supplying electricity, gas, broadband and mobile services to customers in New Zealand. The company remains majority-owned by the New Zealand Government, which holds at least 51% of its shares.

Mercury has closed the bookbuild for its new seven-year unsecured, unsubordinated fixed-rate green bond issue, allocating $250 million of bonds to participants, including $50 million of oversubscriptions, with no public pool. The issue margin has been set at 0.95% per annum, and the final interest rate will be confirmed later alongside the release of the final terms sheet, marking a successful capital raise to support Mercury’s green financing activities.

More about Mercury NZ

Mercury NZ Limited is a New Zealand-based electricity generator and retailer whose generation assets produce power from 100% renewable sources, including hydro, geothermal and wind. The company also retails electricity, gas, broadband and mobile services, and is dual-listed on the NZX and ASX under the ticker MCY, with the New Zealand Government holding a minimum 51% stake.

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