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Mercury NZ ( (MGHTF) ) has issued an update.
Mercury NZ has launched an offer of up to $200 million, with the option to accept a further $50 million, in seven-year unsecured, unsubordinated fixed-rate green bonds targeted at institutional and New Zealand retail investors. The bonds, expected to carry a BBB+ rating from S&P Global Ratings, will be priced off the swap rate plus an indicative margin of 0.95% to 1.05%, with all allocations channelled through joint lead managers and other primary market participants.
Proceeds from the green bond issue are to be notionally allocated under Mercury’s updated Green Financing Framework to finance or refinance eligible green projects, with the company currently expecting to use the funds to refinance existing debt. The offer, which opened on 23 March 2026 and is scheduled to close on 25 March 2026 ahead of an expected 1 April 2026 issue date, reinforces Mercury’s use of labelled green debt to support its renewable-focused capital structure and deepen its presence in New Zealand’s sustainable bond market.
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 sells electricity, gas, broadband and mobile services, and is listed on both the New Zealand and Australian stock exchanges under the ticker MCY, with the New Zealand Government holding a minimum 51% stake.
See more data about MGHTF stock on TipRanks’ Stock Analysis page.