Mercury NZ Ltd. (MGHTF) has released an update.
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Mercury NZ Limited has announced the fully subscribed issue of 350 million new Capital Bonds at $1 each, under its ticker MCY070, aiming to finance the redemption of its MCY020 Bonds and support general corporate activities. The company, known for its commitment to 100% renewable energy generation and as a retailer in various utility services, maintains a significant shareholding by the New Zealand Government. This financial move is part of Mercury’s ongoing efforts to optimize its capital structure and invest in its sustainable growth.
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