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CHORUS LIMITED — Capital/Financing Update 2025
Dec 16, 2025
64680_rns_2025-12-16_05b63735-ffa5-4c98-b83a-2bdc580d1078.pdf
Capital/Financing Update
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Chorus Limited Level 10, 1 Willis Street P O Box 632 Wellington New Zealand
Email: [email protected]
STOCK EXCHANGE ANNOUNCEMENT
17 December 2025
Government announces sale process for UFB funding securities will proceed
The Minister of Finance and the Minister for Infrastructure have today announced that they have accepted a recommendation from the board of National Infrastructure Funding and Financing ( NIFFCo ) to commence a sale process in relation to the securities NIFFCo holds in Chorus Limited.
The securities have a total face value of $1.16 billion. This represents the remaining balance of the funding the Crown provided to Chorus for the Ultra Fast Broadband rollout following the repayment of $170 million by Chorus this year.
Chorus does not anticipate any material change to the terms and conditions on which the securities were issued as a result of the sale process.
The Ministers announcement can be found here.
Authorised by:
Drew Davies Chief Operating Officer
ENDS
For further information:
Shannon Goldstone
Head of Corporate Relations Mobile: +64 (21) 712 679 Email: [email protected]
Aleida White
Head of Investor Relations Mobile: +64 (21) 155 8837 Email: [email protected]