Mercury NZ Ltd. (MGHTF) has released an update.
Mercury NZ Limited has announced an offer of up to $300 million in unsecured, subordinated capital bonds, targeting both institutional and New Zealand retail investors, with an option for an additional $50 million in oversubscriptions. The offer, which commenced today and is set to close shortly, features an indicative margin range and a fixed minimum interest rate, with the bonds expected to be listed on the NZX Debt Market. This move comes alongside plans to redeem existing capital bonds following the successful completion of a bookbuild process.
For further insights into MGHTF stock, check out TipRanks’ Stock Analysis page.
