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Mercury NZ ( (MGHTF) ) has issued an announcement.
Mercury NZ Limited has completed the bookbuild for a new seven-year tranche of unsecured, unsubordinated fixed-rate green bonds, allocating $250 million to institutional and firm clients with no public pool. The issue strengthens Mercury’s green funding base and aligns with its renewable-only generation profile, underlining its role in New Zealand’s sustainable debt market.
The green bonds carry a coupon of 5.17% per annum, reflecting a margin of 0.95% over the underlying swap rate, and will be issued on 1 April 2026, maturing on 1 April 2033. They are expected to begin trading on the NZX Debt Market under the ticker MCY080 on 2 April 2026, offering investors listed exposure to Mercury’s labelled green debt instruments.
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% shareholding.
Learn more about MGHTF stock on TipRanks’ Stock Analysis page.