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CHORUS LIMITED — Capital/Financing Update 2016
Apr 12, 2016
64680_rns_2016-04-12_ca0e6dde-3a16-4598-92d3-dd0621ebf675.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
13 April 2016
Chorus bond offer – interest rate set
Chorus today announced that, following the successful bookbuild for its offer of five year fixed rate bonds, $400 million of bonds have been allocated to participants in the bookbuild process. This includes oversubscriptions of $100 million (which is 100% of the amount available for oversubscription).
The interest rate has been set at 4.12 per cent per annum.
Andrew Carroll, Chorus CFO, said that the transaction was a significant milestone for Chorus, being its first domestic bond issue since establishment as an independent entity.
The offer will open tomorrow and is scheduled to close on 4 May 2016. As announced previously, there is no public pool available.
Early bird interest will be paid at the interest rate in respect of accepted applications. Investors are therefore encouraged to lodge their applications as soon as possible to take advantage of this.
To obtain a free copy of Chorus’ Product Disclosure Statement (PDS) for the bonds investors should contact one of the Joint Lead Managers or Co-Managers listed below, or their usual financial advisor. A copy of the PDS is also available at www.chorus.co.nz/nz-retail-bond-offer.
Joint Lead Managers
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----- Start of picture text ----- 0800 269 476----- End of picture text -----
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----- Start of picture text ----- 0800 942 822----- End of picture text -----
Co-Managers
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0800 248 017 0800 226 263 0800 005 678
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0800 367 227 0800 742 737
ENDS
For further information: Andrew Hopkinson Treasurer Phone: +64 4 896 4014 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]
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