Bond issue weighted in Mercury's favour
Financial advisers criticise the risk return.
Gill South
Wed, 12 Jun 2019
Mercury's latest $300 million subordinated capital bond issue is good timing from the energy company's point of view but no so attractive for investors, say financial advisors.
The offer opened today and is due to close July 4. The 30-year bonds will have their first reset date on July 11,
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Gill South
Wed, 12 Jun 2019
Contact the Writer: gill@nbr.co.nz
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