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CHORUS LIMITED — Capital/Financing Update 2025
May 28, 2025
64680_rns_2025-05-28_82c9b165-294a-4960-a0c8-45b4577f4a1b.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
29 May 2025
Chorus Capital Notes offer closes
Chorus' offer of unsecured, subordinated, redeemable, cumulative, interest-bearing capital notes ( Capital Notes ) (the Offer ) closed today following a successful bookbuild, with NZ$170 million of Capital Notes allocated to the bookbuild participants and their clients.
The Initial Margin for the Capital Notes has been set at 2.05% per annum. The Interest Rate that will apply until the First Reset Date (6 June 2031) will be announced later today, and the final terms sheet will be released shortly after that.
The Capital Notes are expected to be issued on 6 June 2025 and quoted on the NZX Debt Market on 9 June 2025.
Details of the Offer and the Capital Notes are contained in the replacement PDS dated 23 May 2025, which is available on the Disclose register at www.discloseregister.companiesoffice.govt.nz (offer number OFR13938).
For further details, investors can contact the Joint Lead Managers (details below) or their usual financial advice provider.
Arranger and Joint Lead Manager
Forsyth Barr Limited: 0800 367 227
Joint Lead Manager
Bank of New Zealand: 09 924 9602
Authorised by: Drew Davies Chief Operating Officer
ENDS
For further information:
Brett Jackson
Investor Relations Manager Phone: +64 4 896 4039 Mobile: +64 (27) 488 7808 Email: [email protected]
Nathan Beaumont
Head of Corporate Relations Phone: +64 (4) 896 4352 Email. [email protected]