Mercury NZ drops after green bond issuance

Mercury NZ

23/03/2026 24:28

** Shares of Mercury NZ MCY.NZ fall as much as 1.7% to NZ$6.4, hitting their biggest intraday drop since March 10

** Renewable electricity provider says it is offering up to NZ$200 million ($116.60 million) of 7-year unsecured, unsubordinated, fixed-rate green bonds

** Says issuance to refinance eligible projects in accordance with the company's Green Financing Framework

** Stock remains flat YTD

($1 = 1.7153 New Zealand dollars)

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))