NZSE:MCYElectric Utilities
Mercury NZ’s Valuation After $250 Million Green Bond Issue And Long Term Funding Plans
New green bond issue and why it matters for investors
Mercury NZ (NZSE:MCY) has raised $250 million through fixed rate notes due April 2033, structured as unsecured, unsubordinated climate and green bonds that sit alongside the company’s existing capital structure.
See our latest analysis for Mercury NZ.
At a share price of NZ$6.30, Mercury NZ has seen some short term softness, with a 30 day share price return of 2.33% and a year to date share price return of 3.08%. At the same time, the 1...