Why green bonds are raising the Mercury (ASX:MCY) share price
The Mercury NZ Ltd (ASX: MCY) share price is on the rise today after the company issued 200 million new green bonds. The gas and electricity company’s share price reached an intraday high of $5.81 this morning, up 3.75%. It has since dropped back and is currently trading at $5.68, up 1.43% for the day so far.
So, what are green bonds and why have they boosted the Mercury Energy share price?
Let’s dive deeper into the mystery of green bonds.
Could green bonds be the future of environmentally friendly investing?
Green bonds are pretty much the same as normal bonds. The only difference is that a green bond must be certified by the Climate Bonds Initiative (CBI), with at least 95% of the proceeds going towards climate-friendly…