Mercury prepares new green bond offer, affirms disclosure compliance

An announcement from Mercury NZ ( (MGHTF) ) is now available.

Mercury NZ Limited plans to issue a new tranche of unsecured, unsubordinated fixed rate green bonds under New Zealand’s Financial Markets Conduct regime, using an exclusion that allows the offer to rely on the terms of its existing quoted green bonds. Aside from differing redemption dates and interest rates, the new bonds will carry the same rights and conditions as Mercury’s green bonds maturing in 2026, 2027 and 2028 that are already listed on the NZX Debt Market.

The company confirmed that trading in its quoted green bonds has been continuous over the past three months and has not faced prolonged suspension, and that it is meeting all continuous disclosure and financial reporting obligations. Mercury also stated there is no excluded or undisclosed information that would be required under disclosure rules if the existing quoted bonds shared the same maturity or interest rate terms as the forthcoming green bond offer, helping support transparency and regulatory compliance for potential investors.

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, is dual-listed on the NZX and ASX under the ticker MCY, and has a legislated minimum 51% shareholding held by the New Zealand Government.

For detailed information about MGHTF stock, go to TipRanks’ Stock Analysis page.