Tag: Mercury NZ

Hawksworth to retire, Stew Hamilton appointed new CEO of Mercury NZ

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SYDNEY, AUSTRALIA: Mercury NZ Limited’s board has announced the upcoming retirement of Vince Hawksworth, the company’s Chief Executive, effective August 31, 2024. Stew Hamilton, currently serving as the Executive General Manager Generation, is set to take over the helm as the new Chief Executive. Vince Hawksworth, who has been at the forefront of Mercury since…

Mercury NZ issues inaugural green bond in Australia

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AUCKLAND, NEW ZEALAND: Mercury NZ Limited has issued its inaugural green bond in the Australian debt market, securing A$200m of funding. The A$200m 7-year bond was documented as an ICMA GBP-aligned / CBI certified green bond. The proceeds from this issue are earmarked to finance or refinance new and existing projects and expenditures relating to…

Mercury NZ launches green bond offer

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AUCKLAND, NZ: Mercury NZ Limited (Mercury) confirmed today that it is offering up to $200 million (with the ability to accept up to an additional $50 million in oversubscriptions at Mercury’s discretion) of 5.5 year unsecured, unsubordinated fixed rate green bonds (Green Bonds). The offer opens today and is expected to close on 19 March…

Mercury NZ and PowAR enter binding agreement to acquire Tilt Renewables

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AUCKLAND: Mercury NZ Limited, together with Powering Australian Renewables (PowAR), has entered into a Scheme Implementation Agreement to acquire Tilt Renewables Limited. Under the terms of the transaction, PowAR will acquire all the shares of Tilt (including Mercury’s shares) for NZ$7.80 per share, and Mercury will acquire all of Tilt’s New Zealand operations, including development…