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

Friday 20th November 2020

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

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