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CHI - Offer of unsecured unsubordinated fixed rate bonds closes

Friday 13th May 2022

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Following a successful bookbuild for its offer of 5 year, unsecured, unsubordinated, fixed rate bonds maturing on 20 May 2027 ("Bonds"), Channel Infrastructure NZ Limited ("Channel Infrastructure") confirmed today that the offer has closed and $100 million of Bonds have been allocated to participants (and their clients) in the bookbuild process under the offer. There was no public pool for the Offer.

The issue margin for the Bonds has been set at 1.80% per annum and the interest rate will be announced later today.

Channel Infrastructure’s CEO Naomi James said: “We are delighted with the support from the market and the Joint Lead Managers for our inaugural senior bond offer, being a key step towards alignment of our funding structure with an infrastructure business.”

The Bonds will be issued on 20 May 2022. The Bonds are expected to be quoted on the NZX Debt Market under the ticker code CHI020.

Further details of the Offer are contained in the product disclosure statement (“PDS”) for the Bonds. The PDS is available at www.channelnz.com/investor-centre/bonds or by contacting a joint lead manager or your usual financial advice provider and must be obtained by investors before they decide to acquire any Bonds.

For further information please contact:

Joint Arranger and Joint Lead Manager

Bank of New Zealand

Phone: 0800 284 017

Joint Arranger and Joint Lead Manager

Forsyth Barr

Phone: 0800 367 227

Joint Lead Manager

Jarden Securities Limited

Phone: 0800 005 678

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