Sharechat Logo

CHI - Offer of unsecured unsubordinated fixed rate bonds closes

Friday 13th May 2022

Text too small?

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

- ENDS -



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

November 14th Morning Report
November 13th Morning Report
TruScreen Markets Update
November 12th Morning Report
NZME lowers FY24 guidance
Fonterra to proceed with Consumer businesses sale process
November 11th Morning Report
MFB - FY25 Half Year Results Announcement Date
The Warehouse Group FY25 Q1 Trading Update
Manawa Energy FY25 Interim Results