Sharechat Logo

Chorus Limited (NZX: CNU) Closes Its Retail Bond Offer

Friday 20th November 2020

Text too small?

Chorus today announced that following strong investor demand for its offer of seven and ten year 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.

Issue Amounts for each Series:

• 2027 Bonds – NZ$200,000,000; and

• 2030 Bonds – NZ$200,000,000.

The Issue Margin for each Series of Bonds has been set at:

• 2027 Bonds – 1.40% per annum; and

• 2030 Bonds – 1.70% per annum.

The Interest Rate for each Series will be announced later today along with the Final Terms Sheet.

See the link below for more details:

 Chorus closes retail Bond offer

Source: Chorus Limited



  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:

Steel & Tube Holdings Limited (NZX: STU) Appoints CFO
NZX Market Operations - Promisia Integrative Limited (“PIL”) - Name Change
The New Zealand Refining Company Limited (NZX: NZR) Operational Update for November/December 2020
Mercury NZ Limited (NZX: MCY) FY2021 EBITDAF Guidance Revised to $535 Million
Heartland Group Holdings Limited (NZX: HGH) Heartland Australia Group Issues Australian MTNs
Oceania Healthcare Limited (NZX: OCA) Half Year Result and Interim Report
Promisia Integrative Limited (NZX: PIL) Change of Company Name and Ticker Code
T&G Global Limited (NZX: TGG) Announces New Chief Financial Officer
Seeka Limited (NZX: SEK) Advises the DRP Strike Price
Sky Network Television Limited (NZX: SKT) Andrew Hirst Joins Sky as Interim CFO

IRG See IRG research reports