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CHORUS LIMITED — Capital/Financing Update 2016
Oct 11, 2016
64680_rns_2016-10-11_bd566b0a-8751-4151-901a-086f19a3a9c3.pdf
Capital/Financing Update
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Chorus Limited Level 10, 1 Willis Street P O Box 632 Wellington 6140 New Zealand
Email: [email protected]
STOCK EXCHANGE ANNOUNCEMENT
12 October 2016
Chorus to issue notes under its EMTN programme
Chorus has today priced an issue of EUR500 million notes under its Euro Medium Term Note (EMTN) programme. The notes bear interest at 1.125% per annum and mature on 18 October 2023. The notes are to be issued on 18 October 2016 and will be fully swapped to NZD785 million. Application will be made to quote the notes on the ASX.
Chorus CFO Andrew Carroll said “the notes issue is a continuation of Chorus’ longer term financing strategy and the proceeds will be used to repay Chorus’ existing bank facilities and for other general corporate purposes. After Chorus’ first domestic issue in May of this year, this represents our first international bond issue since demerger and allows us to further extend the duration of our debt portfolio.”
The joint lead managers on the offer were Citigroup Global Markets Limited, Goldman Sachs International, The Hongkong and Shanghai Banking Corporation Limited and MUFG Securities EMEA plc.
ENDS
For further information: Andrew Hopkinson Treasurer Mobile: +64 (27) 249 5678 Email: [email protected]
Brett Jackson Investor Relations Manager Phone: +64 4 896 4039 Mobile: +64 (27) 488 7808 Email: [email protected]