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Chorus Limited (NZX: CNU) Confirms Interest Rates for Its Retail Bond Offer  

Friday 20th November 2020

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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:

• 2027 Bonds - 1.98% per annum, being the Issue Margin of 1.40% per annum plus the Base Rate of 0.58% per annum.

• 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.

See the link below for more details:

Rate Set Announcement

Final Terms Sheet

Source: Chorus Limited



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