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Chorus Limited (NS) — Capital/Financing Update 2020
Nov 20, 2020
66180_rns_2020-11-20_d3e9faac-f498-44d7-bcaf-5b6345a9599d.pdf
Capital/Financing Update
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Chorus Limited Level 10, 1 Willis Street P O Box 632 Wellington New Zealand
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Email: [email protected]
STOCK EXCHANGE ANNOUNCEMENT
20 November 2020
Chorus confirms interest rates for its retail bond offer
Chorus today announced that following strong investor demand for its issue of unsecured, unsubordinated, fixed rate bonds ( Bonds ), it has allocated NZ$400,000,000 across both Series of Bonds. This includes oversubscriptions of NZ$200,000,000.
The Interest Rate for each Series of Bonds has been set:
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2027 Bonds – 1.98% per annum, being the Issue Margin of 1.40% per annum plus the Base Rate of 0.58% per annum.
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2030 Bonds – 2.51% per annum, being the Issue Margin of 1.70% per annum plus the Base Rate of 0.81% per annum.
The Bonds will be issued on 2 December 2020. The 2027 Bonds will mature on 2 December 2027 and are expected to be quoted on the NZX Debt Market on 3 December 2020 under the ticker code CNU030. The 2030 Bonds will mature on 2 December 2030 and are expected to be quoted on the NZX Debt Market on 3 December 2020 under the ticker code CNU040.
The full details of the Offer are contained in the Final Terms Sheet attached.
Unless the context requires otherwise, capitalised terms used in this announcement have the meanings given to them in the Final Terms Sheet.
For further information please contact:
Joint Lead Managers
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0800 269 476
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0800 226 263
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0800 367 227
0800 942 822
Authorised by:
David Collins Chief Financial Officer
ENDS
For further information:
Steve Pettigrew Head of External Communications Mobile: +64 (27) 258 6257 Email: [email protected]
Brett Jackson Investor Relations Manager Phone: +64 4 896 4039 Mobile: +64 (27) 488 7808 Email: [email protected]